GE steps closer to buying Alstom energy assets as board OKs offer | Bangkok Post: news

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GE steps closer to buying Alstom energy assets as board OKs offer

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The battle for Alstom's prized energy business heated up Wednesday, as the board of the French "national jewel" said it was in favour of an offer by US giant General Electric while Germany's Siemens upped its rival bid. 

People protest in front of the headquarters of French engineering group Alstom in Levallois-Perret, outside Paris, on April 30, 2014

The US and German behemoths have been publicly vying for Alstom's energy assets for days in a politically sensitive battle over the French group.

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