Flurry of interest in Siemens sale

Up to 20 companies have come forward to express an interest in German engineering group Siemens’ defence electronics businesses. Banker Morgan Stanley has issued prospectuses to 18-20 companies who want to buy the businesses. Lockheed Martin has emerged as an interested party in addition to GEC, BAe, Thomson-CSF and Dasa. US firms Northrop Grumman and […]

Up to 20 companies have come forward to express an interest in German engineering group Siemens’ defence electronics businesses. Banker Morgan Stanley has issued prospectuses to 18-20 companies who want to buy the businesses.

Lockheed Martin has emerged as an interested party in addition to GEC, BAe, Thomson-CSF and Dasa. US firms Northrop Grumman and ITT are also expected to demonstrate interest.

`There will be few surprises,’ said Clive Dolan, managing director of Siemens Plessey Systems.