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EU: Regulators to warn General Electric that Alstom bid will hurt competition

By  |  June 11, 2015

General Electric may have to put forward stronger concessions to bag EU approval for its purchase of Alstom’s power unit, as regulators reportedly plan to warn the US conglomerate that its bid will hurt competition.

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    GE’s planned €12.4 billion acquisition of Alstom’s power equipment business, the biggest deal in its history, has received the green light in Brazil, South Africa and India. Butthe European Commission could put out “a statement of objections” on 12 June, according to Reuters. GE is seeking to counter the commission’s concerns with some concessions, the sources said. “A statement of objections could come on Friday,” one source said.

    Full content: Reuters

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