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Toshiba wants to buy Alstom power grid business from GE: Nikkei

Started by riky, May 08, 2014, 09:00:20 AM

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riky

Toshiba wants to buy Alstom power grid business from GE: Nikkei

<p><a href="http://news.yahoo.com/toshiba-wants-buy-alstom-power-grid-business-ge-190347843--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/gAVu3DnWXiQcCnSzd6hEWw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-07T190347Z_1_CBREA461GYE00_RTROPTP_2_CBUSINESS-US-ALSTOM-OFFER.JPG" width="130" height="86" alt="A logo of Toshiba Corp is seen atop of the company headquarters in Tokyo" align="left" title="A logo of Toshiba Corp is seen atop of the company headquarters in Tokyo" border="0" /></a>(Reuters) - Toshiba Corp will offer to buy Alstom's power grid business for &quot;several hundred billion yen&quot; if General Electric Co completes its planned purchase of Alstom's energy business, the Nikkei newspaper reported. GE has offered to buy Alstom's energy business, which makes power generation systems along with power grids, for about $16.9 billion.</p><br clear="all"/>

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