about us | newsletter | contact | archive | members area
Ana Maria Icatoiu, Smart Eco Plus
There are laws which have been under discussion for years - not healthy for the market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

GE plans to acquire Alstom's Energy activities for 12.35 billion Euro

French-based company Alstom announced in late April that it has received a binding offer from US-based giant General Electric (GE) to acquire its Energy activities, according to a press release issued to The Diplomat – Bucharest

2014-06-07 22:21:42 - From the Print Edition

The proposed price is a fixed price representing an Equity Value of 12.35 billion Euro and an Enterprise Value of 11.4 billion Euro. The scope of the transaction includes the Thermal Power, Renewable Power and Grid Sectors, as well as corporate and shared services. With 65,000 employees, these businesses registered 14.8 billion Euro in sales in fiscal year 2012/13.
"The combination of the very complementary Energy businesses of Alstom and GE would create a more competitive entity to better service customer needs," said Patrick Kron, Chairman and CEO of Alstom. "Alstom's employees would join a well-known major global player, with the means to invest in people and technology to support worldwide energy customers over the long term. The proposed transaction would allow Alstom to develop its Transport business as a standalone company, with a strong balance sheet to capitalise on opportunities in the dynamic rail transport market." Alstom is one of the main important players in the world of power generation, power transmission and rail infrastructure. Present in more than 100 countries, the company owns four companies in Romania, namely Infrastructure, General Turbo, Transport and Grid, with 1,000 employees.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  7299 Views
Daily Info
Vodafone to lay off 1,700 service center employees in Romania, India and Egypt

Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group'...

European Property Federation elects Liviu Tudor as new President

The European Property Federation Managing Committee elected Liviu Tudor, CEO of Genesis Property and President of the Romanian Association of Building Owners, as President of ...

Commisioner Cretu: Romania has a high level of women representation in the digital sector

Romania is one of the countries of the European Union with a high level of representation of women in the digital sector, said European Commissioner for Regional Policy, Corin...

Romania gets 450 million Euro loan from EIB for rural development programme

The European Investment Bank (EIB) is lending 450 million Euro to Romania to finance its national contribution to the implementation of the Romanian Rural Development Programm...

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions...

1 Comment

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

1 Comment

New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the...

Romania's IT market sees small growth in 2017

Romania's domestic software and IT services market recorded a growth of only 2.1 per cent in 2017, to 975 million Euro, according to ANIS.

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from th...

2 Comments

International Business Forum stimulates Romanian entrepreneurs to expand abroad

The Ministry of Business, Commerce and Entrepreneurship organized an International Business Forum on August 30 and 31 at the Parliament Palace, with over 800 participants. ...