Alstom sold three Energy Joint Ventures to General Electric for $3bn.

Alstom, a French multinational company operating worldwide, sold three Energy Joint Ventures to General Electric, an American multinational conglomerate, for $3bn. The proceeds will be used by Alstom primarily to support the company’s strategic development. In addition, a part of this amount will be used to pay out an extraordinary distribution of up to €4 per share, subject to certain adjustments, to Alstom’s existing shareholders.