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Article: Israel: Siemens, Areva, Alstom Said to Bid for Israeli Solar Firm Solel.
- Article from:
- TendersInfo
- Article date:
- September 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
Siemens AG, Areva SA and Alstom SA, three of Europe s largest engineering companies, are competing for control of Solel Solar Systems Ltd. as demand for renewable energy rises, three people familiar with the negotiations said.
The bids for the Beit Shemesh, Israel-based company may value Solel at $300 million to $400 million, said the people, who declined to be identified because talks are private. Shikun & Binui Ltd., an Israeli real-estate company, is also weighing a bid, one of the people said. The winner may be picked as early as this month if they can agree on price, two people said.
Engineering companies such as Siemens, ...