From GE
The Board of Alstom T & D India announced that it has received a binding offer from General Electric (GE) to acquire its energy activities. The scope of the transaction includes thermal power, renewable power and grid sectors, as well as corporate and shared services. With 65,000 employees, these business registered E14.8 billion in sales in fiscal year 2012/13. The proposed price is a fixed price representing an equity value of E12.35 billion and an enterprise value of E11.4 billion.Powered by Capital Market - Live News
