The European Commission (EC) has approved the proposed Alstom deal with GE and the Department of Justice has also filed a proposed consent decree that would permit the acquisition to close.
The EC’s approval is conditional on GE and Alstom fulfilling commitments given to the European Commission in connection with the clearance. Specifically, GE will divest to Ansaldo Energia, a supplier of power generation plants and components, a segment of Alstom’s heavy duty gas turbine business.
This will include: Alstom’s GT26 (an F-class gas turbine)…
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