# Alstom to sell stakes in GE joint ventures

Alstom will exercise options to sell its stakes in joint ventures with General Electric, exiting the energy businesses it sold to GE in 2015.

- Type: Acquisition
- Announced: 2017-12-14
- Where: Kazakhstan
- Status: announced
- Products: gas turbines, renewable energy equipment, electricity grid equipment, nuclear power equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Alstom](https://endata.com/companies/3570.md)
- [General Electric](https://endata.com/companies/1262.md) (acquirer)
- [Alstom](https://endata.com/companies/3570.md) (acquirer)
- [KTZ](https://endata.com/companies/29008.md) (target)
- [Transmashholding](https://endata.com/companies/29009.md) (partner)

## Sources

- [industryweek.com](https://www.industryweek.com/operations/article/22024749/alstom-selling-stakes-in-joint-ventures-with-ge), 2017-12-14: "We are exiting."
- [business-standard.com](https://www.business-standard.com/article/pti-stories/alstom-says-to-sell-stakes-in-joint-ventures-with-ge-117121401342_1.html), 2017-12-14: "We are exiting. It's true that Alstom's old energy activities didn't find their place in this operation."
- [railwaygazette.com](https://www.railwaygazette.com/business/2017/12/22/alstom-takes-majority-stake-in-kazakh-joint-venture/), 2017-12-22: "By increasing once again Alstom’s share in EKZ, we show our confidence in the attractiveness of Kazakhstan."

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