June 21, 2014 The board of French engineering group Alstom SA said Saturday it has officially accepted General Electric Co. s sweetened offer for its power-equipment unit，ending a two-month scramble for the maker of turbines for power plants.
The board accepted the revised offer made by GE on Friday，when the U.S. group changed its $17 billion initial offer for the whole of Alstom s power business to make it more palatable to the French government，which was reluctant to let the industrial jewel fall into U.S. hands.
Under the revised GE bid，Alstom would sell its gas turbine business，the largest part of the power-equipment unit，to the U.S. company and house the French part of its steam and nuclear turbines，renewable-energy activities and grid equipment in 50/50 joint ventures with GE.
The revised bid puts a value of $3.5bn on the stakes it will own in the three businesses that will be joint ventures with GE，meaning that the net cash cost of the deal to the US group will be $10bn. It is the US company 新能源汽车的发展也会带动1大批汽车用化工新材料需求s biggest ever industrial acquisition.
GE has also agreed to sell its rail signalling bus只要电路无故障iness to Alstom for $825m，further offsetting the cost of the acquisition.
On Friday the government backed the proposed deal with GE，rejecting a rival Siemens-Mitsubishi offer it had previously encouraged as ministers sought guarantees on domestic jobs and activities deemed strategic.
The two groups made a 8.2bn euros cash offer，lifting the total这固然是从操控本身进行的1厢甘心的剖析 value of their offer to 14.6bn euros-more than the value of the GE bid. It included Siemens also putting railway assets into Alstom s transport unit.
French Economy and Industry Minister Arnaud Montebourg said the Siemens-MHI bid was very serious，very credible but faced potential competition problems from the European Commission，which he blamed as the principal obstacle to creating European industrial champions as he has advocated.
法国经济和工业部长Arnaud Montebourg表示，西门子和三菱重工的收购方案 非常认真且可信 ，但可能面临来自欧盟委员会有关竞争方面推动传统原材料工业结构调剂、转型升级的质疑。他指责，这也是其此前倡导的打造欧洲 行业领军企业 的主要障碍。
Siemens on Friday conceded in its battle to take over part of France s Alstom. We respect and understand the political interest of the government in the field of energy, Siemens said in a statement, adding that its offer for Alstom s energy assets was verifiably better than the rival bid.
西门子周五宣布退出争夺阿尔斯通能源业务的收购战。 我们尊重并且理解法国政府在能源技术领域的政治利益。 西门子在声明中表示，其同时也指出，西门子对阿尔斯通能源资产的收购要约可证明比对手更为优厚。
But the official green light remains subject to strict conditions agreed with GE - as well as the government s purchase of the Alstom stake from Bouygues.
The French government sprang a surprise on Friday by saying it would take a 20 per cent stake in Alstom，becoming the company s biggest shareholder and making the French state GE s main partner in three joint ventures that are part of the deal. The French state will buy its 20 per cent stake in Alstom by acquiring most of the existing shareholding of Bouygues，the French conglomerate that is currently Alstom s biggest shareholder.
The deal still needs regulators and Alstom staff representatives approved，the deal is expected to be completed in 2015.