EU launches competition probe into GE-Alstom deal
Published Mon, Feb 23, 2015 · 09:40 PM
[BRUSSELS] EU competition regulators launched on Monday a probe into US group General Electric's planned 12.4-billion-euro (S$19.2 billion) acquisition of the energy business of French rival Alstom.
The European Commission said the deal would eliminate one of the three main competitors to GE in the market for heavy-duty gas turbines, potentially leading to higher prices and less choice for customers in the 28-nation bloc.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply