French government and Alstom board back GE acquisition bid

General Electric has all but signed the contract on the acquisition of French rail and energy group, Alstom. GE is bidding $17bn (£10bn) for the energy side of Alstom’s business, however the deal still needs regulators’ and Alstom staff representatives’ approval. Working in favour of GE is the fact the French Government and the Alstom…