iOS app Android app More

France warns Alstom against 'precipitous' tie-up

stumbleupon: France warns Alstom against 'precipitous' tie-up   digg: US Works With Sudan Government Suspected Of Aiding Genocide   reddit: France warns Alstom against 'precipitous' tie-up   del.icio.us: France warns Alstom against 'precipitous' tie-up

April 27, 2014 07:54 AM EST | AP

Compare other versions »

PARIS (AP) — France's economy minister says the country's national interest is at stake in a potential sale of engineering giant Alstom, and warned the company against making a hasty deal with General Electric Co.

Arnaud Montebourg says in a statement Sunday that the government wants time to examine a separate offer from German rival Siemens aimed at creating two "European champions" in transport and power engineering.

Montebourg says that "given the strategic stakes for French industry and economy, the government won't accept any precipitous decision made without taking account of alternative choices in the national interest."