France looking to keep Alstom in French hands


French Economy Minister Arnaud Montebourg is working on an alternative to a possible sale of all of Alstom (ALSMY, AOMFF) or just its energy assets to GE (GE).

Montebourg, who wants to keep Alstom under French ownership, plans to meet GE's management following reports of the U.S. conglomerate's interest in Alstom, having met the latter's CEO yesterday.

The WSJ has reported that GE wants to acquire Alstom's energy business, while Bloomberg wrote that GE is interested in the whole company; it could then spin off the transport unit into a new listed entity.

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  • tangerinehouse
    , contributor
    Comments (38) | Send Message
     
    That's the Reason why France in an so terrible Condition, they ignore the Market and believe the Government can create wealth and Jobs.
    26 Apr 2014, 07:27 AM Reply Like
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