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EU deadline on GE's $13 billion Alstom deal extended to August 6

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Staff writer ▼ | March 18, 2015
European Union antitrust regulators have extended their deadline for a decision on General Electric's 12.4 billion euro ($13.15 billion) bid for Alstom's power equipment business after a request from the U.S. group.
Alstom
Acquisition   The European Commission decided:
The European Commission, which opened a full-scale investigation last month on concerns that the deal could result in price increases, will now make its decision by August 6 instead of July 8, according to a filing on its website.

GE said it is optimistic of obtaining EU clearance. The company has received the green light for more than 50 deals since the Commission blocked its planned $42 billion takeover of Honeywell International in 2001.




 

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