The European Commission opened Monday 23 February, a survey depth on the proposed sale of the energy division of Alstom to the American General Electric. Brussels believes that the operation to 12 billion euros could pose competition problems in the market for high-power gas turbines.
The Economy Minister, Emmanuel Macron, agreed, Wednesday, November 5, 2014, for the purchase of energy activities of Alstom by General Electric.
The Commission had announced in January that it would decide by Feb. 23 on the proposed sale . General Electric said cooperate with the EU executive. “Our goal is to obtain required regulatory approvals and to complete the transaction by mid-2015″ , said the American group in an email.
“competition issues may arise in the market for high-power gas turbines, mainly used in gas plants. The transaction would combine the activities of GE and Alstom, squeezing out of the market one of the GE’s three main competitors in the world, “ says the Commission in a statement.
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