GE Says In Second Round Of Areva's T&D Unit Sale Process
October 01 2009 - 7:51AM
Dow Jones News
U.S.-based General Electric Co. (GE) Thursday said its bid to
acquire a power transmission and distribution equipment unit from
French nuclear group Areva SA (CEI.FR) is one of those selected for
round two of the bidding process.
GE said it is bidding in a consortium with CVC Capital
Partners.
If its bid for Areva's unit is successful, GE would add some of
its own assets to the business and base the new entity in Paris,
the company said.
-By Adam Mitchell, Dow Jones Newswires, +33 1 40171756;
adam.mitchell@dowjones.com
