General Electric offers best deal for Alstom: French minister

14th May 2014, Comments 0 comments

French Energy Minister Segolene Royal opted on Wednesday in favour of a takeover offer for Alstom's energy division by US group General Electric, defying Economy Minister Arnaud Montebourg who favours a tie-up with German group Siemens.

"General Electric is a very good opportunity for Alstom. It offers the best industrial project," she said in an interview with Paris Match magazine on the future of the French industrial giant, but she also tweeted that talks with Siemens were going well.

© 2014 AFP

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