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European Commission expected to approve GE bid to buy Alstom

July 24, 2015
GE expects its plan to acquire Alstom to pass muster with the European Commission and that the deal could close as early as mid-September.

A post at www.thestreet.com said GE expects its plan to acquire Alstom to pass muster with the European Commission and that the deal could close as early as mid-September. Nicholas Heymann, an analyst with William Blair who has followed GE for decades told www.thestreet.com in a phone interview that the Alstom deal has been held up largely because “French regulators are concerned that GE will have excess control over utility rates and that France’s returns on investments in Alstom’s renewable energy business could be compromised.”