German industrial giant Siemens says it is ready to discuss strategic opportunities with French engineering group Alstom after reports it is considering a takeover offer.

“Siemens has submitted a letter to the board of Alstom to signal its willingness to discuss future strategic opportunities,” the company said in a statement on Sunday, adding that it would make no further comment at this time. Siemens made the announcement just as Alstom is being pursued by US…