|World Briefs: France agrees to buy 20% stake in Alstom|
|News - St Augustine Area & St Johns County|
France to buy stake in Alstom
PARIS — The final obstacle to GE’s $17 billion takeover of Alstom’s power division was overcome Sunday after the French government agreed to terms with the French engineering company’s main shareholder.
Economy minister Arnaud Montebourg said on French television that the government will buy a 20-percent stake in Alstom from construction giant Bouygues SA.
Read entire article: World Briefs: France agrees to buy 20% stake in Alstom