GE sweetens offer for France's Alstom | Bangkok Post: news

News > World

GE sweetens offer for France's Alstom

- +

General Electric Thursday proposed several industrial alliances and the sale of its signaling business to Alstom as it seeks French government support for its purchase of Alstom's energy assets.  

The battle to take control of Alstom intensified on Tuesday, with Siemens and Mitsubishi seeking to thwart a bid by GE by inviting the French state to take a stake in the energy and rail company

GE, which has bid $17 billion for Alstom's power generation business but faces stiff political resistance in Paris to the deal as well as a rival offer from Germany's Siemens, proposed to create three joint-ventures with the French industrial giant in covering the electricity grid, renewables and nuclear equipment businesses.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments