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GE completes divestment of power generation assets to Ansaldo Energia


Published Feb 29, 2016
GE Energy

GE closed its transaction to divest select power generation assets to Ansaldo Energia. GE first announced the transaction in September 2015 when the European Commission and U.S.

Department of Justice approved GE’s acquisition of Alstom’s Power and Grid businesses on the condition that GE would commit to divest segments of Alstom’s heavy-duty gas turbine business, pending regulatory approvals.

The final purchase price of the deal is €120 million, and today’s announcement confirms that the transaction has met all required regulatory approvals to close. Under the terms of the deal, GE has divested the following assets to Ansaldo Energia:

Tags: GE Oil & Gas




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