GE will be allowed to proceed with its revised offer to buy Alstom's power and grid business as long as it meets certain conditions.» Read More
*France seeks to buy Bouygues' 20 pct in Alstom. *Formal deadline for GE offer for Alstom is Monday. PARIS, June 22- The French government was locked in negotiations on Sunday over its planned purchase of a stake in Alstom from conglomerate Bouygues, the last hurdle in an announced tie-up between Alstom and General Electric.
PARIS, June 21- The board of Alstom backed a proposed tie-up with General Electric on Saturday as the French government neared agreement with shareholder Bouygues over the last major outstanding plank of the deal.
*French state to take 20 percent stake in Alstom. PARIS, June 20- France chose General Electric to form an alliance with Alstom on Friday- rejecting an offer from Siemens and Mitsubishi Heavy Industries- but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company.
PARIS/ FRANKFURT, June 20- Siemens and Mitsubishi Heavy Industries raised their offer for Alstom's energy arm on Friday, challenging a revamped bid by General Electric as the deadline for a decision nears. This values Alstom's power businesses at 14.6 billion euros, Siemens said, 400 million more than previously and still well above GE's 12.4 billion.
*GE to sell rail signalling unit to Alstom. *Alstom board to decide by Monday, no Alstom comment. PARIS, June 19- General Electric revised its bid for the power arm of Alstom on Thursday, offering alliances in energy and rail to appease the French government and beat a rival proposal by Siemens and Mitsubishi Heavy Industries.
*Alstom agrees new plan; Alstom board to decide by Monday. *Siemens says its plan superior; no Alstom comment. It was the latest shot in a two-month fight for control of Alstom's energy business, days before the French group's board must choose between GE's offer and a rival one from Germany's Siemens and Japan's Mitsubishi Heavy Industries.
PARIS, June 19- State-controlled French utility EDF lost more than $5 billion of its stock market value on Thursday as the Socialist government scrapped a planned increase in electricity prices to protect consumers.
PARIS, June 19- State-controlled French utility EDF lost nearly 7 billion euros of its stock market value on Thursday as the Socialist government scrapped a planned increase in electricity prices in order to protect consumers.
PARIS, June 18- Latest negotiations between U.S. authorities and BNP Paribas on the level of fine it could pay for breaching U.S. sanctions have failed to produce an agreement, sources familiar with the matter said on Wednesday.
*Alstom board decision expected by Monday. PARIS, June 18- General Electric will on Thursday unveil to the French government and unions an improved offer for the energy arm of Alstom, a source close to the U.S. conglomerate said of its efforts to fend off a rival proposal.
PARIS, June 18- General Electric will on Thursday unveil to the French government and unions an improved offer for the energy businesses of Alstom, a source close to the U.S. conglomerate said of renewed efforts to fend off a rival proposal.
*GE, Siemens must both improve proposals- Elysee. PARIS, June 17- The French government raised the stakes in the battle for engineering group Alstom on Tuesday, telling rival suitors General Electric and Siemens to come up with better offers.
PARIS, June 17- The French government raised the stakes in the battle for the power assets of engineering group Alstom on Tuesday, urging rival suitors General Electric and Siemens to come up with better offers.
PARIS, June 16- Airbus Group and Safran confirmed plans on Monday to pool their efforts on space launchers, taking the first step towards what could become a unified European company to prevent the Ariane space rocket being eclipsed by U.S. low-cost rival SpaceX.
*Siemens eyes Alstom's gas turbines business-sources. MUNICH/ PARIS, June 16- Germany's Siemens and Japan's Mitsubishi Heavy Industries will present a joint offer to France's Alstom in Paris on Monday, challenging a General Electric bid that sparked French government concern about retaining jobs and industry expertise.
PARIS, June 16- French Prime Minister Manuel Valls refused on Monday to yield to the demands of rail workers on strike for close to a week against a planned reform of the sector.
PARIS, June 16- Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe's Ariane space rocket from U.S. low-cost rival SpaceX. Airbus and Safran shares were both up around 0.4 percent, while the CAC40 index was down 0.2 percent.
PARIS, June 16- Airbus Group and Safran said on Monday they had agreed to create a 50-50 joint venture in space launchers, combining Airbus's launch systems with Safran's propulsion systems, to help to compete with new low-cost rivals.
PARIS, June 16- French Prime Minister Manuel Valls refused on Monday to yield to the demands of striking rail workers seeking to derail a planned reform of the sector as their stoppage entered a six day.
*Airbus, Safran set to form jv in space launchers- sources. PARIS, June 15- Airbus Group and Safran are set to boost co-operation with a joint venture in space launchers, aiming to galvanize Europe's competitive response to U.S. low-cost rival SpaceX, people familiar with the matter said.