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GE taps China CEO to lead Alstom merger

Last Updated: Friday, July 04, 2014, 01:58

General Electric on Thursday said the head of its China business will transfer to France to lead the US company`s proposed buyout of Alstom`s energy businesses.

Alstom T&D bags Rs 27.7 cr order to supply GIS

Last Updated: Thursday, July 03, 2014, 15:23

The company has been localising GIS manufacturing activity in India since 2009 in Padappai near Chennai.

Alstom approves GE's $17 billion offer to buy its power biz

Last Updated: Monday, June 23, 2014, 12:19

Meanwhile, the French government, on Sunday, said that it will buy 20 percent stake in Alstom from construction giant Bouygues SA.

France agrees to buy 20% stake in Alstom

Last Updated: Monday, June 23, 2014, 04:57

The final obstacle to GE's USD 17 billion takeover of Alstom's power division was overcome after the French government agreed to terms with the French engineering company's main shareholder.

France backs GE bid for industrial jewel Alstom

Last Updated: Friday, June 20, 2014, 22:49

Economy Minister Arnaud Montebourg said he had sent a letter of intent to GE head Jeff Immelt laying out the terms of the alliance.

Alstom battle heats up as rivals sweeten bids

Last Updated: Friday, June 20, 2014, 12:57

The battle for French group Alstom heated up on Friday, as Siemens-Mitsubishi and General Electric sweetened their rival bids to win over the government and tie-up with the firm`s main power-generation division.

GE sweetens offer for France`s Alstom

Last Updated: Friday, June 20, 2014, 09:33

General Electric on Thursday sweetened its offer for French power-to-rail group Alstom to win the government`s backing for its bid over a rival offer by Siemens and Mitsubishi.

GE sweetens offer for France`s Alstom

Last Updated: Thursday, June 19, 2014, 21:21

General Electric Thursday proposed several industrial alliances and the sale of its signaling business to Alstom as it seeks French government support for its purchase of Alstom`s energy assets.

GE set to boost Alstom bid, rivalling Siemens, Mitsubishi

Last Updated: Wednesday, June 18, 2014, 21:08

General Electric is set to make an improved offer for parts of French power-to-rail group Alstom by the end of the week, informed sources said on Wednesday.

CCI clears Alstom-Triton deal

Last Updated: Wednesday, June 18, 2014, 15:33

The two arms of Triton have been established for the purpose of the proposed transaction.

Siemens-Mitsubishi invites Paris into battle for Alstom

Last Updated: Tuesday, June 17, 2014, 22:59

Shares in Alstom fell 1.24 percent to close at 28.97 euros, compared to an overall rise of 0.58 percent for France`s main stock index.

Siemens, Mitsubishi unveil joint bid for Alstom energy assets

Last Updated: Tuesday, June 17, 2014, 10:44

Siemens said in a statement that it "intends to acquire 100 percent of Alstom`s gas business.