The Traderszone Network

Published in TZ Latest News 11 May, 2015 by The TZ Newswire Staff

GE would offer concessions to win EU approval of Alstom deal: executive

NEW YORK/BRUSSELS (Reuters) – General Electric Co (GE.N) said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France’s Alstom (ALSO.PA). “We are willing to explore remedies to get this deal done even though again we believe in the merits of the deal,” Steve Bolze, president and CEO of GE Power & Water, the conglomerate’s biggest industrial unit, told Reuters in an interview. Earlier on Monday, Reuters reported that the U.S.

read more