Deals
GE Wins French Support on Alstom With State Seeking 20%
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General Electric Co. must decide whether to accept France’s terms to complete the acquisition of Alstom SA’s energy assets, the U.S. company’s biggest deal ever, after winning the government’s support.
France will back GE’s offer on the condition that the state acquire a 20 percent stake in Alstom, Economy Minister Arnaud Montebourg said yesterday, turning aside a bid by Siemens AG. GE declined to comment while reviewing the demands in a 50-page document sent to Chief Executive Officer Jeffrey Immelt.