# GE completes transfer of ownership of three Alstom JVs for €2.594B

GE announced the completion of the transfer of ownership of three joint ventures from Alstom, giving GE full ownership. GE paid Alstom an aggregate amount of €2.594 billion (~$3.0 billion).

- Type: Acquisition
- Announced: 2018-10-02
- Value: $3.00B (2.59B EUR)
- Status: completed
- Products: power and grid assets
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GE](https://endata.com/companies/1022.md) (acquirer)
- [Alstom](https://endata.com/companies/3570.md) (partner)

## Sources

- [ge.com](https://www.ge.com/news/press-releases/alstom-and-ge-complete-transfer-ownership-three-jvs), 2018-10-02: "GE and Alstom have completed the transfer of ownership of the three joint ventures that were established at closing of the acquisition of Alstom’s Power and Grid assets in November 2015."

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