French president, GE boss to meet over Alstom future

[riky]

French president, GE boss to meet over Alstom future

<p><a href="http://news.yahoo.com/siemens-weighs-ge-prepares-alstom-power-deal-092846527--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/hFNI92Dvhk1it4NXLQp2pA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-27T205837Z_1_CBREA3Q1M9R00_RTROPTP_2_CBUSINESS-US-ALSTOM-OFFER.JPG" width="130" height="86" alt="Road signs indicate directions for deliveries to French power and transport engineering company Alstom and US conglomerate General Electric sites in Belfort" align="left" title="Road signs indicate directions for deliveries to French power and transport engineering company Alstom and US conglomerate General Electric sites in Belfort" border="0" /></a>President Francois Hollande and his Economy Minister Arnaud Montebourg are set to meet with General Electric Chief Executive Jeff Immelt on Monday to discuss the future of French engineering group Alstom, a presidential official said. The planned meeting between the French head of state and the boss of one of the world's 10 largest investor-controlled corporations follows a weekend of high political and corporate drama. Immelt arrived in Paris to hammer out a $13 billion deal to buy Alstom's power turbines business after news of talks between the French trains-to-turbines group and the U.S. industrial and financial giant GE late last week. His arrival coincided with political uproar over the potential loss of a national champion and the emergence of a rival proposal involving German group Siemens.</p><br clear="all"/>

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