Alstom-Schneider wins bid for France’s Areva

Alstom-Schneider wins bid for France’s Areva


A joint bid tabled by Alstom SA and Schneider Electric SA finally outshined the overseas contenders General Electric Co and Toshiba Corp, vying to enter the French nuke market, keeping the company in French hands. The companies announced last week that they were already in exclusive negotiations with Areva SA for its power-grid unit.
An Areva announcement revealed that the Alstom-Schneider bid for Areva T&D amounted to €4.09 billion ($6.14 billion). Alstom is a renowned maker of high-speed trai...


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