Friday, April 25, 2014

Alstom CEO says in talks over industrial deal: union sources

The logo of French power and transport engineering company Alstom is pictured on the roof of the company's plant in Reichshoffen Alstom CEO Patrick Kron told unions on Friday the group was in talks over an industrial deal but had not received any takeover offer from General Electric , union sources told Reuters. Kron however said no decision on a deal would be made at a board meeting to be held in the afternoon, one of the sources said. "I don't validate the rumors out in the American media of a takeover offer from General Electric," one of the sources cited Kron as telling a European works council meeting.








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