GE Meets With French Govt. To Discuss Potential Investments In France

(RTTNews) - Diversified conglomerate General Electric Co. (GE) said Monday that its Chairman and Chief Executive officer Jeff Immelt met the French President Francois Hollande and Minister of Economy, Industrial Renewal, and Digital Economy Arnaud Montebourg, to discuss potential investments in France. Following the meeting, GE said, "The dialogue was open, friendly and productive. It was important to hear in person President Hollande's perspective and to discuss our plans, our successful track record of investing in France, and our long-term commitment to the country. We understand and value his perspective, and we are committed to work together."

According to earlier reports, French government was expected to have a meeting with General Electric to discuss the US manufacturer's bid for French rival Alstom's energy business.

Last week, GE was reportedly in talks to buy speed-train maker Alstom SA (AOMFF.PK, ALS.L) for more than $13 billion. It is also reported that Alstom board planned to meet to discuss the potential sale of its power plants and transmission gear to GE.