News / Alstom divesting from energy joint ventures with GE

Alstom divesting from energy joint ventures with GE

🕔 May 15, 2018
CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

Alstom has signed an agreement with General Electric (GE) regarding its intention to exit three joint ventures set up in November 2015 as part of the sale of Alstom's energy business to GE. GE has agreed to buy Alstom's stakes in the joint ventures for EUR2.59 billion (US$3.10 billion).


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