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Alstom CEO: Positive Relations With Schneider Over Areva T&D Bid

29.10.2009
PARIS -(Dow Jones)- French power-station equipment and train maker Alstom SA's (ALO.FR) Chief Executive Patrick Kron Thursday said the company's relationship with bidding partner Schneider Electric SA (SU.FR) over their joint aim of taking over Areva SA's (CEI.FR) transmission and distribution business is positive.

PARIS -(Dow Jones)- French power-station equipment and train maker Alstom SA's (ALO.FR) Chief Executive Patrick Kron Thursday said the company's relationship with bidding partner Schneider Electric SA (SU.FR) over their joint aim of taking over Areva SA's (CEI.FR) transmission and distribution business is positive.

The relationship between the two companies over the bid is positive, constructive and simple, Kron told reporters following a news conference to present the company's fiscal first-half earnings.

Some recent press reports have suggested the existence of tension between the bidding partners.

-By Adam Mitchell, Dow Jones Newswires, +33 1 40171756; adam.mitchell@dowjones.com

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