Arab Today, arab today eu has halted review of alstom deal
Last Updated : GMT 22:49:43
Arab Today, arab today
Arab Today, arab today

GE Spokesman Seth Martin:

EU has halted review of Alstom deal

Arab Today, arab today

Arab Today, arab today EU has halted review of Alstom deal

EU suspend their review of GE
New York - Arab Today

European competition officials have suspended their review of General Electric's proposed $14.1 billion acquisition of the energy business of French rival Alstom, a GE spokesman said Monday.

GE believes the suspension is procedural and does not signify a major barrier to winning approval, GE spokesman Seth Martin added.

"We have been notified by the (European) Commission that they have temporarily stopped the clock on the investigation process," Martin said. "We continue to have a constructive dialogue with the Commission."

He added that GE is "willing to explore remedies to get this deal done, provided the deal economics are preserved."

The US industrial giant has yet to receive a statement of objections from the agency and so has not specified any concessions, he added.

Martin said the suspension means the time frame for winning approval has been pushed back from a deadline of August 6 to around August 20.

EU competition authorities in February launched a probe of the GE deal, citing fears that the transaction would lead to higher prices and harm innovation in the sector.

GE chief executive Jeff Immelt met with EU Competition Commissioner Margrethe Vestager earlier this month in Brussels.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu has halted review of alstom deal Arab Today, arab today eu has halted review of alstom deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu has halted review of alstom deal Arab Today, arab today eu has halted review of alstom deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday