France, Alstom shareholder bicker over price of 20-per-cent stake

  • 2/10/2023
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Paris, Sha'ban 23, 1435, Jun 21, 2014, SPA -- The final stance of France's government to the sale of Alstom's energy division depends on a deal between Paris and Alstom shareholder Bouygues, President Francois Hollande said Saturday, according to dpa. A requirement that the government gave Friday in backing the bid by US-based General Electric against a joint offer from Germany's Siemens and Japan's Mitsubishi Heavy Industries was that the government acquire a 20-per-cent stake in the spinoff, which would make it the biggest shareholder. It intends to buy that stake from Bouygues. At the moment, the government and Bouygues are discussing what the price of those Alstom shares will be, Hollande said. -- SPA 19:20 LOCAL TIME 16:20 GMT www.spa.gov.sa/w

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