# Alstom to sell joint venture stakes to GE as part of Siemens merger

Alstom announced it will sell its stakes in joint ventures with General Electric (in grids, renewables, and nuclear) to GE, valued at 2.6 billion euros, as part of its merger with Siemens. The sale is expected to close after September 2018.

- Type: Acquisition
- Announced: 2017-10-02
- Where: France, France
- Value: $3.05B (2.60B EUR)
- Status: announced
- Products: electrical grids equipment, renewable energy equipment (hydro, offshore wind), nuclear turbines (Arabelle)
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (acquirer)
- [Alstom](https://endata.com/companies/3570.md) (target)

## Sources

- [lesechos.fr](https://www.lesechos.fr/2017/10/nucleaire-reseaux-hydraulique-une-nouvelle-donne-pour-ge-en-france-184892), 2017-10-02: "A l’occasion du rapprochement entre Alstom et Siemens, l’équipementier français a annoncé qu’un dividende extraordinaire serait payé aux actionnaires «par les produits des options de vente d’Alstom dans les co-entreprises avec General Electric»."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.