The interests of the German concern “Siemens” and the Japanese “Mitsubishi Heavy Industries” crossed in the gas sphere of France: companies coordinate the purchase of the Alstom energy company, reporters report “Agency France-Presse”.
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The scheme will look like this: first, Siemens for 3.9 billion euros will completely redeem the gas assets “Alstom”, after which “Mitsubishi Heavy Industries” for 3.1 billion euros will redeem 10% of Bouygues, which infuriates the French energy company. This alignment of forces will allow the German-Japanese duet to get around competitors from the United States: General Electric is going to redeem the entire Alstom company, including its gas direction. The American concern even indicated a price of $ 13.5 billion. The conflict of interests is obvious: for GE, the transaction is endowed with meaning only if there is a full receipt of rights to company from France. If “Siemens” and “Mitsubishi Heavy Industries” will gain control over the gas component, then the whole deal will be in doubt.
The project itself is political: any variation of the transaction will make adjustments to energy issues regarding Europe, USA and Asia. Global macroeconomic deterioration in France makes the deal extremely profitable, but everything rests on the choice of partners. The Americans have a clear comprehensive approach to buying with the right amount of money, but the German-Japanese duet allows you to minimize the impact on the decision of Paris in the field of energy. Formally approval for sale from the France authorities is not required, but if it became necessary, then claims could not arise to such partners. The BBC has already stated that funds could be allocated from the state budget of France for the acquisition of 20% of Alstom shares through the entry into the capital of Bouygues, but the official Paris did not confirm the deal. And this investment is relevant exclusively if the American company is the only buyer, and we will talk about the risks of complete absorption of a strategically important French company. It is important to note that the Minister of Economy of the country Arno Montebur has already expressed his readiness to redeem part of the shares of the energy company if it was possible to get the minimum price. The minister did not specify the volume of purchased shares. Experts emphasize that delaying the sales process can harm all parties, because the company needs a strategic development plan based on the figure of the future owner. In the meantime, Alstom is thinking about reducing investment programs that do not affect the assets of the company, but seriously increase short -term risks and deprive the opportunity to “scoop up” the maximum profit before sale.