Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Czechoslovakia


International Outlook: GLOBAL WRAPUP

CZECHOSLOVAKIA

Siemens, the German electronics giant, has aced out Swiss-Swedish Asea Brown Boveri for a stake in engineering concern Skoda Pilsen. Siemens will take a 67% stake in a new power-engineering venture valued at about $170 million. But Siemens may wind up paying a stiffer price. Part of its edge over ABB was a promise to protect jobs by transferring some of its own projects to Skoda if Czech orders dry up. Siemens and ABB are still bidding for the transportation business of Skoda, a deal that will be decided within weeks.EDITED BY STANLEY REED


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus