General Electric 'in Talks' for Alstom Shares

Business » INDUSTRY | April 24, 2014, Thursday // 14:16

US engineering group General Electric has reportedly engaged into talks with France's trainmaker Alstom, with the rumors soaring the latter's shares.

The French company, which is a world leader in railway transport, has downpalyed the claims that GE has expressed interest in its assets, suggesting they lead to "speculation and rumors".

A deal with Alstom, if true, would however be GE's "biggest acquisition ever", as Bloomberg reports.

Unidentified sources still suggest that a USD 13 B offer is to be made to the French giant, which is some 25% above its market value. GE could thus gain control of Alstom's TGV trains in Europe.

Its French rival, on the other hand, has a strong industrial presence in nearly 100 countries, but has been severely hit by a drop in orders for power equipment.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Industry » Be a reporter: Write and send your article
Tags: General Electric, GE, Alstom, US, French, TGV, europe

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria