Siemens in talks to buy Rolls-Royce's gas turbine business
German engineering group Siemens is in talks to buy Rolls-Royce's gas turbine and compressor business for £900million.
On Tuesday, Rolls-Royce said the discussions had not concluded and that a further announcement would be made in due course.
The statement came just hours after Siemens confirmed it will make a bid for French rival Alstom's energy assets.
However, Alstom's board is believed to have voted to accept a rival $13billion bid from US giant General Electric.
