News and insights from Europe
London, 7 September 2010: James Fenner has been named as the new President and CEO for GE Capital's Leveraged Finance business*, effective immediately, subject to regulatory approval. Fenner will be responsible for consolidating GE Capital's position as one of the top Leveraged Finance players in Europe, leading and arranging mid market transactions and building close links with commercial partners such as Mubadala GE Capital. He replaces Thomas Greco, who has left to pursue opportunities outside of GE. The position reports into Rich Laxer, EMEA President and CEO for GE
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FLORENCE, ITALY---September 7, 2010---GE Oil & Gas is pleased to announce the signing of a new frame agreement with E.ON Ruhrgas A.G., the largest distributor of gas in Germany and one of the leading gas companies in Europe. The new agreement runs from April 22, 2010, for a three-year period.
Under the new agreement, GE Oil & Gas will continue to supply E.ON Ruhrgas with new and replacement turbo-compression systems for gas transportation and storage projects worldwide.
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GE Smart Grid Technology Enabling Integration of Electric Grids to Improve Power Reliability across Europe
ATLANTA, GA.---Sept. 1, 2010---Turkey will connect to the European electrical grid this September using GE's (NYSE: GE) smart grid technology. The connection will allow for expanded energy and economic opportunities. The Turkish Electricity Transmission Company (TEIAS) will now be able to buy and sell power in the European electricity market and the connection will strengthen the reliability and availability of energy throughout all of Europe.