General Electric wins bid to buy Alstom energy arm

The US giant has finally won its lengthy bidding against rivals after shareholder Bouygues agreed to sell its stake to the French government.

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General Electric overcame the last hurdle for the $17 billion purchase of Alstom's energy assets as shareholder Bouygues agreed to sell a stake to France, enabling the U.S. company to seal its biggest acquisition ever, reports Bloomberg.