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GE's Bid for Alstom Is Blessed by France

New York Times Original article ›

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The terms of the final deal approved by the French government for GE to acquire Alstom's gas turbine and energy businesses, and Alstom to acquire the rail signalling business of GE. The Alstom name will be preserved and the French government will take a 20% interest in the remaining Alstom unit.

The terms of the final deal with GE approved by the Hollande government in France for Alstom

06/20/2014

The rail signalling business of GE will be combined with Alstom's rail business to create a larger French company and the Alstom name will be preserved. GE will get the gas turbine and energy business of GE and three 50-50 joint ventures in energy will be created for GE and Alstom. The French government will take a 20% interest in Alstom. According to GE 86% of the synergies and value is preserved outside the joint ventures in energy.

Grouped Articles

GE's Bid for Alstom Is Blessed by France

New York Times 06/20/2014

France Backs GE's Bid For Alstom

Wall Street Journal 06/25/2014

French Economy Minister, Arnaud Montebourg, Was Often Out of Step With President

New York Times 08/25/2014

France's Alstom

04/25/2014

Grouped Articles

GE Is in Talks to Buy Alstom's Energy Business

Wall Street Journal 04/25/2014

France's Hollande Meets With GE, Siemens Chiefs About Alstom

Wall Street Journal 04/28/2014

Stakes High for GE's Immelt in Alstom Fray

Wall Street Journal 04/28/2014

GE Heads to Paris to Save Alstom Deal

Wall Street Journal 05/16/2014

GE-Alstom Deal: French Fear Losing Control of Nuclear Assets

Wall Street Journal 06/14/2014

France Lifts Hurdle to GE-Alstom Deal

Wall Street Journal 06/24/2014

Hollande, Montebourg, and the French government's effort to preserve Alstom as a French company in 2014

04/28/2014

Siemens proposes an alternative to a GE acquisition of Alstom- to come up with a dual arrangement of a German energy company and a French transportation company. Hollande meets with CEO's of GE and Siemens in April 2014. Montebourg rejects the idea of Alstom being run from Connecticut in the U.S.

Grouped Articles

France's Hollande Meets With GE, Siemens Chiefs About Alstom

Wall Street Journal 04/28/2014

Stakes High for GE's Immelt in Alstom Fray

Wall Street Journal 04/28/2014

Siemens CEO Preparing to Unveil New Strategy

Wall Street Journal 05/06/2014

Siemens Chief Makes His Mark With $1.32 Billion Energy Deal

Wall Street Journal 05/07/2014

GE Heads to Paris to Save Alstom Deal

Wall Street Journal 05/16/2014

GE-Alstom Deal: French Fear Losing Control of Nuclear Assets

Wall Street Journal 06/14/2014


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