French Government Will Block Hasty Alstom Deal

Maritime Activity Reports, Inc.

April 27, 2014

France's Economy Minister Arnaud Montebourg confirmed for the first time on Sunday that both General Electric and Siemens were interested in engineering group Alstom and said he would not allow any hasty decisions.
In a statement, he said he first learned of GE's interest on Thursday and then of Siemens' proposal earlier on Sunday.
He said the government was ready to look at both proposals but "will not accept that a decision is taken, whatever it might be, in haste" and without knowledge of what was in the national interest and what alternatives there might be.
Earlier, a spokeswoman said Montebourg was no longer expecting to meet GE chief executive Jeff Immelt on Sunday as government sources reported on Saturday. She said the meeting had been postponed "for a few days".
(Reporting by Andrew Callus; Editing by Sophie Walker, Reuters)
Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News