9 November, 2009
UPDATE 1-GE confirms bid for France's Areva business
* Largest U.S. conglomerate says acting alone
* Declines to disclose bid's value
BOSTON, Nov 9 (Reuters) - General Electric Co (GE.N) confirmed on Monday it had submitted a binding offer for French state-owned nuclear group Areva SA's (CEPFi.PA) electricity transmission and distribution business.
The largest U.S. conglomerate said it had bid without a partner, but declined to disclose how much it had bid for that business.
"GE's interest reflects its strongly held belief that transmission and distribution technology is a key enabler for customers around the world seeking cleaner, smarter, more efficient means of meeting rising energy demands," the Fairfield, Connecticut-based company said in a statement.
GE, the world's top maker of electricity-generating turbines, said that if its offer was successful it would aim to incorporate minority investors from France, as well as sovereign-wealth funds. (Reporting by Scott Malone, editing by Leslie Gevirtz)
Source: http://www.reuters.com
UPDATE 1-GE confirms bid for France's Areva business Added: (09.11.2009)
Back to invest list
