- Alstom (OTCPK:ALSMY) CEO Patrick Kron hopes to reach an agreement with the DOJ soon regarding its ongoing bribery case and said that the French company would not be able to transfer any of the fine to General Electric (NYSE:GE), which is buying most of its power business.
- However, the impact of the fine would be mitigated by a positive adjustment to the agreement - extra money to be paid by GE to use the Alstom brand, announced Kron.
- As a result the overall negative impact would be around 1%-2% of the €12.4B GE deal.
- Previously: Alstom confirms U.S. bribery settlement (Dec. 17 2014)
- Previously: Alstom nears record $700M bribe settlement with DoJ (Dec. 16 2014)