Regions

French government gives green light for GE-Alstom deal

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November 5
3:25 AM 2014

The French government gave the green light on Wednesday for General Electric's (GE.N) planned 12.4 billion euro ($15.6 billion) purchase of most of Alstom's (ALSO.PA) power business.

Economy Minister Emmanuel Macron said in a statement that the government would activate the process that would see it take a stake of up to 20 percent in French engineering group Alstom from shareholder Bouygues (BOUY.PA) once the GE-Alstom deal was fully completed.

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