Alstom, Schneider's bid for Areva unit beats GE

Courtesy Newsvine - business  Mon, 11/30/2009 - 18:26

Nuclear and electric power company Areva SA said Monday that it will enter exclusive negotiations with fellow French companies Alstom SA and Schneider Electric SA for the sale of its power transmission and distribution business, rejecting separate bids from General Electric Co. and Japan's Toshiba Corp.


 

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