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Alstom-GE, Hollande intervenes: "Insufficient offer". Siemens at the window

"GE's offer is not enough: to date we still have the means to deal with the relaunch of Alstom, a key company for the country and for energy differentiation": said today the president of the French Republic, which is currently closing the doors – openings for Siemens, even if the official offer is missing.

Alstom-GE, Hollande intervenes: "Insufficient offer". Siemens at the window

The negotiations for the acquisition by the US General Electric of the energy pole of the French industrial giant Alstom are slowing down. The words of the President of the Republic François Hollande directly closed the doors momentarily, who just today declared: “GE's offer is not enough: today we still have the means to deal with the relaunch of Alstom, a key company for the country and for energy differentiation”.

"The proposal is therefore not acceptable", commented Hollande interviewed by Rmc. "The role of the state is to get answers to all questions and to ensure that the national interest is preserved." When asked why the transalpine executive is intervening in this dossier, the head of the Elysée replied: "The government is one of Astom's major customers".

The question therefore remains on hold, pending a possible countermove by GE, which would like to acquire copper energy from the group, which constitutes 70% of turnover or a value of 14,8 billion according to data for the 2012 financial year- 2013. Siemens is also at the window, which evaluates Alstom's activity between 10,5 and 11 billion euros and which would also put its own train and subway sector on the plate. But unlike General Electric, there is still no official offer.

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