Heavy Electrical Equipment

Alstom to take 300 mln euro hit to help GE sale through

Alstom SA:Will contribute to remedies presented by ge to european commission.Board unanimously accepted group would take reduction of 300 million euro from original 12.35 billion euro purchase price.Parties continue to have constructive discussions with commission regarding transaction.Final amount...

Monday, 27 Jul 2015

Shanghai Electric Group subsidiaries to set up joint venture

Shanghai Electric Group Co Ltd:Two Hong Kong-based wholly owned subsidiaries to set up a Dubai free trade zone-based joint venture with registered capital of $5 million.One subsidiary to invest $3.04 million to hold 60.8 pct stake in the joint venture and the other to invest $1.96 million to hold...

Saturday, 25 Jul 2015

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