General Electric (GE.N) has won EU approval for its 12.4-billion-euro ($13.9 billion) acquisition of Alstom’s (ALSO.PA) power business after agreeing to sell some of the French company’s turbine assets to Italian rival Ansaldo Energia. EU officials said the concessions allayed concerns that the deal would reduce competition in the European market for heavy-duty gas turbines to two major players, namely the merged company and Germany’s Siemens (SIEGn.DE), potentially leading to higher prices and pushing up the cost of electricity. The U.S.