Alstom stake sale to GE completed

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Alstom has completed the sale of its 51% stake in Alstom Bharat Forge Power to the General Electric group (GE) for approximately US$10.6 billion. The stake was part of Alstom’s joint venture with Bharat Forge.

The deal – GE’s largest industrial acquisition – required regulatory approval in over 20 jurisdictions including the EU, US, China, India, Japan and Brazil. Jeff Immelt, GE’s chairman and CEO, said Alstom’s complementary technology, global capability, installed base, and talent would further GE’s core industrial growth and boost its technology offerings in the energy sector.

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