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Alstom sharholders approve sale of energy business to GE

Dec 22, 2014    

Shareholders of French firm Alstom have approved the sale of the company's energy businesses to General Electric.This would, however, be subject to various other approvals.The resolution relating to this transaction was approved by a majority of 99.187 percent, Alstom's Indian arm Alstom T&D India said in a regulatory filing to the stock exchange.The shareholders, who held a cumulative 64.25 percent of their shares and the related voting rights, were present during the meeting held in Paris last week."The Board had taken note of a limited number of recent positive and negative adj...

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