GE Considering Asset Sale to Get Alstom Deal

The American energy giant General Electric (GE) is considering an asset sale to French companies in order to get the French government’s nod for the Alstom deal.

GE Considering Asset Sale to Get Alstom DealAccording to Bloomberg, GE is in talks with French companies over possible ventures in Alstom’s nuclear, wind turbine and rail signaling businesses, or even a sale thereof.

Even though GE would prefer not to sell anything, it is willing to be flexible in order to get this deal.

Last month, the company made an official €12.4 billion bid for Alstom’s energy businesses to which the French government said it does not want to make any hasty decisions.

The French government stated earlier that they were worried about preserving the jobs and the country’s energy independence.

On the other hand, French Economy and Industry Minister Arnaud Montebourg would prefer a deal with Siemens, which is yet to submit an official offer.


Press Release, May 20, 2014; Image: alstom