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GE Open to Changes in Alstom Purchase as EU Sets New Deadline

Alstom U.K. Factory

Alstom U.K. Factory

Chris Ratcliffe/Bloomberg
Updated on

General Electric Co. said it’s open to limited concessions to win approval for the 12.4 billion-euro ($13.8 billion) acquisition of most of Alstom SA’s energy business.

“We are willing to explore remedies to get this deal done, but we believe in the merits of this deal as we announced it over a year ago,” Steve Bolze, chief executive officer of GE Power & Water, said Monday in a telephone interview. “We will preserve the deal economics and the strategic value.”