GE could sell gas assets to Ansaldo in Alstom bid

Offer allegedly aims to win EU approval for acquisition

(ANSA) - Rome, July 28 - General Electric (GE) could sell its gas-turbine assets to Italian rival Ansaldo Energia in a bid to win EU approval for its plan to buy most of Alstom SA's energy business, Bloomberg business news reported Tuesday. The US company has also offered to sell some of its intellectual property plus Alstom's Power Systems Manufacturing unit to the Italian firm, the agency cited unnamed sources familiar with the situation as saying.
    The alleged offer comes after EU regulators expressed concerns that GE's Alstom acquisition would jeopardise competition in the energy sector. Ansaldo has refused to comment on the proposed operation pending an official response from EU authorities.


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