France obtains Alstom stake, clears GE deal

|By:, SA News Editor

The last remaining element to the General Electric (GE)-Alstom (ALSMY) deal has now been complete, after the French government secured its 20% stake in Alstom from Bouygues (BOUYF). Bouygues will lend the shares to the French state, in order for the government to become an immediate shareholder.

After being ousted from the the deal, Siemens (SIEGY) CEO Joe Kaeser says he's still ready to negotiate with Alstom should the agreement between GE and the power equipment company fall apart.

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