24.06.2014 - General Electric has bought business in France

American corporation General Electric got the win in the struggle for the acquisition of the Energy Division of the French company Alstom. According to the report, the board of directors approved the deal of Alstom for the sum of $ 17 billion it is worth noting that the initial proposal was $ 13 billion. The deal was approved the Government of France.

To increase the sale price to the contests were also invited alliance of Siemens and Mitsubishi. According to details of the transaction General Electric will buy Alstom turbine business, 50% of companies running powered networks. At the same time, Alstom buys from General Electric the business of manufacturing the railway signaling. It should be noted that Alstom is one of the world's largest producers of energy equipment and rail transport.

We are positive about growth prospects of General Electric shares after the transaction and assess the upside potential of 12-14% at year end.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.