EU launches competition probe into GE-Alstom deal
Add BT as a preferred source
[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
Share with us your feedback on BT's products and services
