France okays GE purchase of Alstom energy assets

Paris

FRANCE'S economy minister, Emmanuel Macron, on Wednesday authorised the sale of most of Alstom's energy assets to US group General Electric, clearing the way for a deal worth almost US$17 billion.

"Emmanuel Macron . . . today gave his authorisation to General Electric (GE) for the realisation of its investment project in France with Alstom and the creation of an industrial alliance between the two groups in the energy sector," said a statement from his ministry.