ALSTOM
A year ago GE won the bid to acquire Alstom Energy (See here). The acquisition is pending EC approval and the commission is at present examining remedies as proposed by GE to clear the deal (See here and here). The EC has a provisional deadline to respond by September 11, 2015.
Completion of the deal could see Alstom’s share price move towards consensus fair value of Eur32 (more on this later).
There is 19pct potential upside to Alstom’s share price.
We held a meeting with an Alstom veteran and Gas Turbine (GT) expert yesterday to examine the rumoured and potential remedy package.
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