Hollande To Meet GE Chief To Discuss Alstom

Posted by Joseph R. Fonseca
Sunday, April 27, 2014
French President Hollande

 

President Francois Hollande and his Economy MinisterArnaud Montebourg will meet General Electric chief executive Jeff Immelt on Monday to discuss the future of French engineering group Alstom, a presidential official told Reuters.

The meeting follows news last week that GE is planning a $13 billion deal to buy Alstom's power turbines business, and comes after the intervention on Sunday of the French government and industry rival Siemens of Germany.

Reporting by Elizabeth Pineau; Writing by Andrew Callus; Editing by Andrew Roche)


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