Rumours point to GPT bid

Rumours point to GPT bid
Richard Wilson Rumours persist that GEC is lining up a complete takeover of GPT, its telecoms manufacturing joint venture with Siemens. The two partners have been holding board-level discussions on future ownership of GPT since Christmas. A month ago a Siemens executive broke silence to express the German firm’s impatience with the slow speed of the GPT negotiations. If those talks have now entered a new phase then it is possible the two firms are negotiating a final price for the deal, which could cost GEC as much as ?800m. A spokesman for GEC would not comment on the rumours.


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