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EU: GE willing to make concessions in Alstom deal

By  |  July 6, 2015

General Electric recently received a list of competitive concerns from the EU Commission pertaining to the company’s acquisition of majority of Alstom’s energy business.

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    The intent to acquire the business was confirmed last year in an announcement when Alstom’s board unanimously picked GE’s bid for majority of its power and grid businesses for an enterprise value of $13.5 billion.

    The EU Commission is now raising concerns about the impact this deal would have on the competition within the industry. The commission is concerned that upon the completion of this deal only two strong competitors, General Electric and Siemens, will remain in the industry in Europe.

    Full content: Market Watch

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