Alstom's Indian units surge on report of sale talks

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Reuters
Last Updated : Apr 25 2014 | 10:35 AM IST

Reuters Market Eye - Shares in Alstom SA's Indian units surge after Bloomberg reported on Wednesday that General Electric Co was in talks to buy the struggling French turbine and train maker parent for about $13 billion, citing people with knowledge of the matter.

Alstom India Ltd gains 8.4 percent, while Alstom T&D India Ltd jumps as much as 10.8 percent.

Indian markets were closed on Thursday for general elections.

(abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

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First Published: Apr 25 2014 | 10:31 AM IST

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