FRANKFURT (Reuters) - German conglomerate Siemens has teamed up with Japan's Mitsubishi Heavy Industries to look at a potential proposal for Alstom ALSO.PA assets, the German company said on Wednesday.
SIEMENS (SIE.XE)said it and Mitsubishi would make a decision on the submission of a proposal to ALSTOM (ALO.PA)s board of directors by June 16.
"We firmly believe that we can substantially contribute to a partnership solution for Alstom which will create value for all parties involved, including the country of France," Mitsubishi Heavy CEO Shunishi Miyanaga said in a statement.
(Reporting by Victoria Bryan)
