May 4, 2018ACQUISITIONFrance GE to acquire Alstom's stakes in three JVs for $3.1B
General Electric signed an agreement with Alstom to acquire Alstom's interests in three joint ventures covering grid, nuclear, and renewable assets for $3.1 billion. Transfer of interests will occur on October 2, 2018.
Productsgrid equipmentnuclear equipmentrenewable energy equipment
“Alstom will exit three joint ventures, in return for a consideration of $3.1 billion.”investing.com
- 5 sources
- investing.comAlstom Inks $3B Agreement With GE To Exit Joint Ventures | Investing.comZacks Investment ResearchMay 10, 2018
- bloomberg.comGE to Buy JV Stakes for $3.1 Billion as Alstom Confirms Exit - BloombergTara PatelMay 10, 2018
- reuters.comAlstom signs $3 billion agreement with GE to exit energy joint venturesMay 10, 2018
- renewableenergyworld.comAlstom Exercises Options to end 3 Joint Ventures with GEClarion Energy Content DirectorsMay 10, 2018
- powermag.comGE Will Take on Alstom Stakes in Energy Joint Ventures for $3.2B
Summarized from public sources; check the original articles before acting on it.