# Alstom completes sale of energy joint venture stakes to General Electric

Alstom completed the sale of its stakes in three energy joint ventures (Renewables, Grid, Nuclear) to General Electric for EUR 2.594 billion, as announced on May 10, 2018.

- Type: Acquisition
- Announced: 2018-10-02
- Where: France
- Value: $3.00B (2.59B EUR)
- Status: completed
- Products: energy 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) (target)

## Sources

- [alstom.com](https://www.alstom.com/fr/press-releases-news/2018/10/alstom-realise-la-cession-general-electric-de-toutes-ses-participations), 2018-10-02: "Alstom a réalisé aujourd’hui la cession à General Electric de toutes ses participations dans les trois co-entreprises Energie."
- [power-technology.com](https://www.power-technology.com/news/alstom-transfers-interests-three-energy-jvs-ge-nearly-3bn/), 2018-10-02: "Alstom has completed the transfer of all its interests in three energy joint ventures (JVs) to General Electric (GE) for €2.594bn (approximately $3bn) in cash."

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