France looking to keep Alstom in French hands

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

French Economy Minister Arnaud Montebourg is working on an alternative to a possible sale of all of Alstom (ALSMY, AOMFF) or just its energy assets to GE (GE).

Montebourg, who wants to keep Alstom under French ownership, plans to meet GE's management following reports of the U.S. conglomerate's interest in Alstom, having met the latter's CEO yesterday.

The WSJ has reported that GE wants to acquire Alstom's energy business, while Bloomberg wrote that GE is interested in the whole company; it could then spin off the transport unit into a new listed entity.