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GE offers concessions in bid for EU clearance of Alstom deal

POWERING AHEAD: GE has drawn the line against divesting anything that would hurt business gained from servicing gas turbines.


US conglomerate General Electric (GE) has offered concessions in an attempt to counter European Union (EU) regulatory concerns about its 12.4-billion-euro (S$18.4 billion) bid for French peer Alstom's power unit, its biggest ever acquisition.

The company submitted its...