Alstom and General Electric (GE) have signed an agreement relating to the implementation of the agreements from 2015 regarding the intended exit of Alstom from three Energy Joint Ventures.
The 'Renewables', 'Grid' and 'Nuclear' joint ventures were set up in November 2015 as part of the sale of the Alstom Energy business to General Electric. Alstom intends to exercise its options to sell its interests in the Renewables and Grid Joint Ventures in 2018 (pursuant to Alstom’s put options).
If these options are exercised during the exercise period (between September 4th and September 10th), GE will then be deemed to have exercised its option to acquire Alstom’s interest in the Nuclear Joint Venture (pursuant to General Electric’s call option), and the transfer of all interests will occur on 2 October 2018 for a total amount of €2.594 billion.
