Bouygues News

France Picks: GE is the One for Alstom

Alstom's lucrative gas turbines arm would be purchased by GE and said there would be discussions on the shape of joint ventures in other energy areas ranging from renewables to nuclear. He said the French state would come in as the top shareholder in Alstom by purchasing a 20 percent stake in it from Bouygues, currently the holder of 29 percent. The government and Bouygues have yet to agree on the price of the stake, sources with knowledge of the talks said. Based on Alstom's current market capitalization, a 20 percent stake would be worth 1.7 billion euros ($2.32 billion). A Bouygues spokesman