General Electric 'in Talks' for Alstom SharesIndustry | April 24, 2014, Thursday // 14:16| views
US engineering group General Electric has reportedly engaged into talks with France's trainmaker Alstom, with the rumors soaring the latter's shares.
The French company, which is a world leader in railway transport, has downpalyed the claims that GE has expressed interest in its assets, suggesting they lead to "speculation and rumors".
A deal with Alstom, if true, would however be GE's "biggest acquisition ever", as Bloomberg reports.
Unidentified sources still suggest that a USD 13 B offer is to be made to the French giant, which is some 25% above its market value. GE could thus gain control of Alstom's TGV trains in Europe.
Its French rival, on the other hand, has a strong industrial presence in nearly 100 countries, but has been severely hit by a drop in orders for power equipment.
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