06 May '14, 1pm

Offshore Wind A Big Part Of Why GE Wants Alstom

Who's the Energy Alpha Dog? GE or Siemens? By Jeff Siegel General Electric (NYSE:GE ) wants to acquire one of the largest companies in France, and it could get what it wants if Germany doesn't get in the way. Alstom SA (AOMFF ), the target of GE's desires, is a French energy and transportation company with a market value of approximately $11.5 billion. It deals in hydroelectric and nuclear power, environmental control systems, wind turbines and battery storage, as well as trains and rail infrastructure. It's a huge company, and GE could spend as much as $13 billion to acquire it. On Monday, General Electric CEO Jeff Immelt met with French President Francois Hollande and Economic Minister Arnaud Montebourg to iron out the potential wrinkles in this deal. International news outlets said Hollande has responded favorably to GE's approaches, but Alstom is staying quiet on any p...

Full article: http://www.altenergystocks.com/archives/2014/05/offshore_...

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