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Siemens Shareholder Opposes Alstom Offer, Tagesspiegel Says 2014-06-15 13:07:41.478 GMT
By Dorothee Tschampa June 15 (Bloomberg) -- Union Investment doesn’t approve of Siemens investing more in power-plant business, Tagesspiegel am Sonntag says, citing fund manager Christoph Niesel. The newspaper also said: * Expects margins to decrease in power plant business: Niesel * Management capacities would be focused on Alstom takeover instead of on Siemens restructuring: Niesel * Union Investment holds ~1% of Siemens shares * NOTE: GE Said to Plan Alstom Push as Siemens, Mitsubishi Mull Bid
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To contact the reporter on this story: Dorothee Tschampa in Frankfurt at +49-69-9204-1214 or dtschampa@bloomberg.net To contact the editor responsible for this story: Chad Thomas at +49-30-70010-6232 or cthomas16@bloomberg.net