Alstom to Exercise Option to Sell Interests in General Electric JVs
May 10 2018 - 3:53AM
Dow Jones News
By Max Bernhard
Alstom SA (ALO.FR) said Thursday that it plans to exercise its
options to sell its stakes in three energy joint ventures with
General Electric Co. (GE), which were set up by the two companies
in 2015 as part of GE's deal to buy Alstom's power business.
Alstom plans to exercise its options to sell its interests in
the renewables and grid joint ventures during the exercise period
between September 4 and September 10.
"GE will then be deemed to have exercised its option to acquire
Alstom's interest in the "Nuclear" Joint Venture, and the transfer
of all interests will occur on 2 October 2018 for a total amount of
EUR2.59 billion," Alstom said.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
May 10, 2018 03:38 ET (07:38 GMT)
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