Alstom, Schneider To Buy Areva Power Unit For €4.1B
Areva's supervisory board met Monday to choose the Alstom-Schneider consortium over similarly valued offers from General Electric Co. and a consortium of Toshiba Corp. and Innovation Network Corp. of Japan. Their offer stands at €2.29 billion ($3.46 billion) plus assumed debt.
The agreement includes a buyer's commitment to maintain all of Areva T&D's...
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