France's Alstom faces takeover bids

French president rejects $13.5bn bid for engineering giant, which is facing takeover attempts from two foreign firms.

    The French president has branded a $13.5bn bid from General Electric for Alstom, one of the country's largest engineering firms, as unacceptable and aims to find better offers.

    Alstom is facing takeover attempts from two foreign companies.

    Al Jazeera's Catherine Stancl reports from Belfort in eastern France.

     

    SOURCE: Al Jazeera


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