Just in:  

You are here: Home»Agriculture & Allied»Pakistan»US regulators give GE green light to Alstom buyout

US regulators give GE green light to Alstom buyout

US antitrust regulators said Tuesday they approved General Electric's purchase of Alstom's energy assets after the US giant agreed to divest some of the French company's key gas turbine assets. The US Department of Justice said it had worked closely with European Union antitrust regulators, who also cleared the deal Tuesday after GE agreed to sell some maintenance service assets to Italian rival Ansaldo Energia.

The take-over deal was first proposed in April 2014, but regulators objected to the concentration of assets in the lucrative market for maintaining high-power gas turbines, used mainly in electricity generating plants. This market is dominated by GE with a 50 percent share, followed by Siemens of Germany, Mitsubishi Hitachi Power Systems, Alstom, and Ansaldo Energia.

Copyright Agence France-Presse, 2015


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln