The Traderszone Network

Published in TZ Latest News 24 June, 2014 by The TZ Newswire Staff

France has 2 billion euros on hand to fund stake in Alstom: Montebourg

The French state has enough cash available from previous share sales to fund the purchase of a 20 percent stake in Alstom (ALSO.PA), Economy Minister Arnaud Montebourg said on Tuesday. The French state secured an option to buy 20 percent of Alstom from its current top shareholder Bouygues (BOUY.PA) on Sunday, clearing the way for an agreed tie-up between Alstom and General Electric (GE.N).

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