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France Backs GE's Bid For Alstom
Keywords:
Tags: Current Focus, Oil & Gas, France,
GE (General Electric) plans to acquire Alstom's energy business to reduce dependence on GE Capital for earnings
04/25/2014
Shareholders are pressuring GE to reduce its dependence on GE Capital for earnings since the days of the 2008 financial crisis. The move to acquire Alstom's energy unit helps GE accomplish this.
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
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
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