CNBC: GE revised proposal creates three joint ventures

|By:, SA News Editor

General Electric (GE -0.7%) has presented its revised proposal for Alstom (ALSMY -0.8%) to the French government. The improved offer creates three energy joint ventures between GE and the French multinational in the renewables, grid, and nuclear categories, CNBC reports.

Confirming earlier reports, GE has also highlighted it is willing to sell its rail signalling business.

The Alstom board is expected to vote on the bids before Monday.