Siemens and Mitsubishi Heavy Industries have increased their offer to purchase the energy arm of France’s Alstom.<br /><br />They have raised the amount of cash on the table from 1.2bn euros to 8.2bn euros.<br /><br />General Electric has already offered 17 billion US dollars for Alstom.<br /><br />Alstom is considered a key French industry and the government has the right to veto any foreign takeover.<br /><br />All those interested in Alstom have held meetings with French President Francois Hollande who is concerned about the break up of the company and job losses.<br /><br />The French group reaffirmed that its board would meet no later than Monday to review the offers.
