GE in talks to buy Alstom's power arm: sources

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GE in talks to buy Alstom's power arm: sources

<p><a href="http://news.yahoo.com/ge-talks-buy-alstoms-global-power-arm-sources-122642533--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/78D.t4XPhJtDOSGQiYjTIw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-25T183419Z_2_CBREA3O0YKM00_RTROPTP_2_CBUSINESS-US-ALSTOM-OFFER-GENERAL-ELECTRIC.JPG" width="130" height="86" alt="The logo of French power and transport engineering company Alstom is pictured on the roof of the company's plant in Reichshoffen" align="left" title="The logo of French power and transport engineering company Alstom is pictured on the roof of the company's plant in Reichshoffen" border="0" /></a>By Benjamin Mallet and Matthieu Protard PARIS (Reuters) - U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom SA for about $13 billion, sources familiar with the matter said on Friday. Sources said a deal was backed by Alstom's main shareholder, French conglomerate Bouygues with 29 percent, and could be announced in the coming days after an Alstom board meeting on Friday afternoon. &quot;It would be a very big asset sale, enclosing the entire energy business.&quot; Alstom Chief Executive Patrick Kron confirmed to union representatives there were talks about an &quot;industrial deal,&quot; but did not name GE. Alstom, Bouygues and General Electric declined to comment.</p><br clear="all"/>

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