Alstom considering GE's railway signaling division

|About: Alstom ADR (ALSMY)|By:, SA News Editor

Alstom (ALSMY, AOMFF) is interested in taking over GE's railway signaling business as part of the current talks over the sale of its power division, CEO Patrick Kron says.

Kron's comments echo the request made by the French economy minister, who suggested earlier this week that GE transfer its railway division to Alstom, but railway signaling is a crucial business with high profit margins that GE may be loathe to cut loose.

GE also manufactures locomotives for freight trains in the U.S., but Kron says Alstom isn't interested.