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.

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Tags: General Electric, GE, Alstom, US, French, TGV, europe
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