Alstom(AOMFF)- OTCPK - Current
  • Sep. 8, 2015, 10:25 AM
    • General Electric (GE +2.1%) officially wins European Union approval to buy most of Alstom’s (OTCPK:ALSMY +6.3%) energy business, as GE’s pledge to sell gas-turbine assets to an Italian rival helps ease antitrust concerns over the plan.
    • GE says it will sell "central parts of Alstom’s heavy-duty gas turbines business” to Ansaldo Energia to ease the concerns of EU regulators that the deal would lead to higher prices in Europe for large gas turbines.
    • GE also divest the long-term servicing contracts for 34 turbines that have already been installed by Alstom; GE has said that Alstom’s servicing contracts were a key part of the deal, but WSJ reports that the divested contracts amount to only 4% of Alstom’s total installed base.
    | Sep. 8, 2015, 10:25 AM | 19 Comments
  • Aug. 17, 2015, 5:35 AM
    | Aug. 17, 2015, 5:35 AM | 2 Comments
Company Description
Currently, there's no company description for AOMFF.
Sector: Technology
Industry: Electronic Equipment
Country: France