Friday, 11 May 2018

GE to buy JV stakes for $3.1 billion as Alstom pulls out

Alstom has confirmed it will exercise its option to exit the Joint Ventures with General Electric on renewable energy, grid and nuclear, created as part of the $10 billion deal that gave GE control of Alstom’s gas turbine operations. This decision requires GE to buy back Alstom’s stakes in the three JVs at an expense of 2.59 billion Euros ($3.1 billion).

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