GE Considering Asset Sale to Get Alstom Deal

first_imgPress Release, May 20, 2014; Image: alstom The American energy giant General Electric (GE) is considering an asset sale to French companies in order to get the French government’s nod for the Alstom deal.According to Bloomberg, GE is in talks with French companies over possible ventures in Alstom’s nuclear, wind turbine and rail signaling businesses, or even a sale thereof.Even though GE would prefer not to sell anything, it is willing to be flexible in order to get this deal.Last month, the company made an official €12.4 billion bid for Alstom’s energy businesses to which the French government said it does not want to make any hasty decisions.The French government stated earlier that they were worried about preserving the jobs and the country’s energy independence.On the other hand, French Economy and Industry Minister Arnaud Montebourg would prefer a deal with Siemens, which is yet to submit an official offer.last_img read more

News in 60 seconds

first_imgHappy holidays This is the last Gazette print edition until 3 September. SQE provider namedEducational services giant Kaplan will develop and run the new Solicitors Qualifying Examination, the Solicitors Regulation Authority revealed. US-headquartered Kaplan already runs the Qualified Lawyers Transfer Scheme.Partner pay pleaResponding to the Commons Business, Energy and Industrial Strategy Committee’s recommendations on gender pay gap reporting, the Law Society has backed the mandatory inclusion of partner pay alongside employee data. Chancery Lane said this would give law firms an evidence base to develop action plans to tackle inequalities.Bar complaints upComplaints about barrister conduct rose by nearly one-third in the past year. According to the annual report of the Bar Standards Board, 475 complaints about barristers were opened in the year ending 30 April, up from 366 the year before.New diversity roleInternational firm Hogan Lovells has created a new senior role focused on diversity, inclusion and wellbeing. Julie Thomas will be in charge of a global team advising on how to attract and retain diverse employees across the business.Botros goes in to batSolicitor Meena Botros has been appointed to the new role of director of legal and integrity at the England and Wales Cricket Board, overseeing matters including anti-doping, anti-corruption, safeguarding and player discipline.last_img read more