Following the completion of the transaction with General Electric regarding Alstom's Energy activities, the Group proposes to return a part of the proceeds to its shareholders. In its session of 4 November 2015, Alstom's Board of Directors decided to launch a public offer to buy back its own shares for an
Siemens would hold the presidency of the supervisory board under the plans, leaving Alstom chief Henri Poupart-Lafarge in place as chief executive. The German firm brings in 7.8 billion euros of revenue annually from rail, while Paris-based Alstom boasts sales of 7.3 billion euros. Combined, they would
The Alstom board has approved General Electric's revised bid, a day after France's socialist government gave the green light to the $16.9bn offer to take will buy its 20 per cent stake in Alstom by acquiring most of the existing shareholding of Bouygues, the French conglomerate that is currently Alstom's
The boards of Siemens and Alstom are scheduled to meet early next week to approve the deal, which may be announced as early as Tuesday, according Closer ties could be in the offing in the banking sector as well, with French lender BNP Paribas among the European banks that could buy Germany's
The board of Alstom, the French industrial giant, voted on Tuesday to accept General Electric's bid for its power and energy unit, people briefed on the matter said. The decision, which is expected to be announced as soon as Wednesday morning, came as a French government minister continued to
German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the The deal is unanimously supported by Alstom's board, Siemens' supervisory board and Alstom shareholder Bouygues, the companies said.
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