PARIS, FRANCE - June 21, 2014 - GE [NYSE: GE] was informed today that the Alstom Board of Directors has unanimously decided to positively recommend GE’s offer to acquire the Power and Grid businesses of Alstom. With this decision, the transaction will proceed with Works Councils consultation, customary regulatory approvals and Alstom shareholder approval. The deal is expected to close in 2015.
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Highlighting its commitment to support the Tunisian economy by driving the growth of the small and medium enterprises (SMEs) and strengthening the local supply chain, GE (NYSE: GE) today organized a dedicated suppliers conference under the theme, 'Supply Chain opportunities: Supporting the Growth of Tunisian SMEs.
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LONDON, 27 May, 2014: GE Capital, one of Europe's leading providers of commercial finance, today announced that it has provided £80 million to finance future growth of the Hovis brand. The deal, which is GE Capital's largest single exposure into the food industry to date will be used to fund general working capital needs following the acquisition of a controlling stake in Hovis Ltd by Gores Group last month.[1]
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At the request of the French government, we have agreed, in consultation with Alstom, to extend the deadline for consideration by the Alstom board of our proposal until June 23. We have done so to facilitate ongoing discussions with the government. The industrial project we have presented is good for Alstom, for France and for GE, and our discussions have continued to be constructive. We view this extension positively.
Seth Martin
GE Corporate, Director Financial Communications
[email protected]
+1 646 682 5602
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Kuala Lumpur, Malaysia; May 15, 2014: GE ecomagination and Aramco Entrepreneurship launched an open global technology challenge recently to accelerate the development of solutions focused on improving the energy efficiency of seawater desalination. Four winners will be awarded with the prize of US$50,000 (RM161,000) each, bringing the total grant for the challenge to US$200,000 (RM644,000). Beyond this, the best ideas may also stand the chance to receive further investments towards commercialization by GE.
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London, 14 May 2014: Robert Plehn has been named as the new Capital Markets Leader for GE Capital International, effective July 1st. He will be responsible for all strategic Capital Markets activities for GE Capital businesses across Europe and Asia Pacific, including cash flow and asset-backed loan and lease syndications. The position reports into Rich Laxer, President and CEO for GE Capital International and functionally to the Global head of Capital Markets at GE Capital, Stewart Koenigsberg.
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- Long-term CEO to lead global Mining business
- New CEO appointed to oversee local operations
GE today announced the appointment of its long-term CEO for Australia and NZ, Steve Sargent to the role of President and CEO of GE Mining, its global mining technology and services business. GE also announced the appointment of Geoff Culbert as President and CEO, GE Australia & New Zealand to succeed Mr Sargent.