GE Alstom bid 'not sufficient' says Hollande

In TV interview president says American giant's bid for French firm is not 'acceptable' and that state will ensure any final deal is good for France.

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General Electric’s offer for French firm Alstom’s energy arm is “not enough”, President François Hollande declared on Tuesday. Economy Minister Arnaud Montebourg expressed concern about the “isolation” of Alstom’s rail transport interests, in a letter to the US company Monday, reports RFI.