U.S. conglomerate General Electric (GE.N) has offered concessions in an attempt to counter EU regulatory concerns about its 12.4-billion-euro ($13.49 billion) bid for French peer Alstom’s power unit, its biggest ever acquisition. “GE confirms it has submitted remedies to the European Commission in relation to the GE-Alstom transaction. The concessions will have to address the European Commission’s worries that the deal could hurt competition as it would result in the merged gas turbine company competing with only German rival Siemens (SIEGn.DE).