GE-Alstom Deal: French Fear Losing Control of Nuclear Assets
The standoff in France over General Electric’s $17 billion deal with Alstom SA isn’t just about jobs. It is also about nukes.
Nuclear-technology exports are a robust business in France, and Alstom is a significant player, supplying its Arabelle turbines to projects by engineering firm Areva SA and utility Électricité de France SA .
The concern among French officials is that future projects could become subject to a veto by Washington if GE owns Alstom’s energy assets.
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