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The board of directors of French turbine and power equipment manufacturer Alstom has recommended the $16.9 billion offer of General Electric for its thermal power, renewable power and grid business. It chose the deal over a rival bid from Siemens and Mitsubishi Heavy Industries. The French state confirmed that it would grant foreign investment authorization if the deal remains in its current form.

Date: Monday, 23 June 2014
Original article: neimagazine.com/news/newsalstom-board-chooses-ge-over-siemens-mhi-4299702

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