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GE GE Aerospace

164.49
1.85 (1.14%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
GE Aerospace NYSE:GE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.85 1.14% 164.49 165.74 162.0101 165.30 3,967,223 01:00:00

Alstom in Talks With GE For Sale of Energy Business-Report

24/04/2014 3:37pm

Dow Jones News


GE Aerospace (NYSE:GE)
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Alstom SA (ALO.FR) is in talks with General Electric Co. (GE) for the sale of the French engineering firm's energy business, French newspaper Le Figaro reports Thursday without citing sources.

According to the report, Alstom could sell its offshore wind farms, coal and gas turbines units, which account for about 70% of the group's revenue of more than 20 billion euros ($27.61 billion).

Bloomberg reported Wednesday that General Electric was in talks to take over the entire French company.

An Alstom spokeswoman declined to comment on the talks beyond the company's previous statement. Alstom said earlier Thursday in a statement: "In response to recent speculation in the economic press, Alstom is not informed of any potential public tender offer for the shares of the company. The group constantly reviews the strategic options of its businesses."

Newspaper website: www.lefigaro.fr

Write to Noemie Bisserbe at noemie.bisserbe@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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