By Andrew Callus PARIS (Reuters) - General Electric boss Jeff Immelt faces a public French parliamentary grilling in person on Tuesday over his high-stakes plan to buy the power arm of engineering group Alstom, replacing a subordinate at the last minute. A statement from the parliamentary economics committee late on Monday put Immelt on its agenda for Tuesday's hearing, which was scheduled originally last week with the head of GE France, Clara Gaymard, on the stand. Immelt is scheduled to speak in defense of his 12.35 billion euro ($16.9 billion) bid for Alstom's power arm at 1630 GMT, an hour after Christophe de Maistre, chairman of Siemens France, is due to begin facing questions. Sources have told Reuters that Siemens was readying a formal offer under which it would transfer its rail activities and less than 7 billion euros in cash to its French rival in exchange for its power assets.
via Health News Headlines - Yahoo News http://ift.tt/1jXrKBz
No comments:
Post a Comment