Alstom makes concession by agreeing to consider rival bid from Siemens after accepting 12.4bn offer for energy division
French industrial group Alstom has accepted General Electric’s 12.4bn (£10.2bn) offer to buy its energy division despite a government outcry over the deal.
Alstom made a concession to ministerial pressure, however, as it said it was still prepared to consider a counter-bid from German company Siemens. In the meantime, an independent committee will scrutinise the preferred bid from the US conglomerate and will report back at the end of next month.