GE French Competition Watchdog Says Approves EDF Purchase Of GE Steam Power
Portfolio Pulse from Happy Mohamed
The French competition watchdog has approved EDF's purchase of GE Steam Power, a subsidiary of General Electric (GE).
May 24, 2023 | 2:40 pm
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General Electric's subsidiary, GE Steam Power, has been approved for purchase by EDF by the French competition watchdog.
The approval of the acquisition by the French competition watchdog is a positive development for General Electric, as it indicates progress in the deal. However, the short-term impact on GE's stock price is uncertain, as the financial details of the transaction are not mentioned in the article.
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