Alstom shares suspended on reports of GE bid

Earlier on Friday, Alstom chief executive Patrick Kron confirmed to union representatives that there were talks about an “industrial deal”, but did not name GE.

The sources said a deal could be announced in the coming days after a board meeting on Friday afternoon. Both sources said it was Alstom, which makes power turbines and railway equipment, which had made the initial approach and that Alstom’s main shareholder, French conglomerate Bouygues with 29 per cent, was backing the deal.