Energy Quote of the Day: ‘Ice-cold National Industrial Policy’
By Jared Anderson
GE’s
apparently successful takeover of key segments of Alstom’s prized
energy business raised eyebrows when many thought German energy giant
Siemens would prevail. Siemens’ unwillingness to part with its train
signaling business – a critical concession made by GE – is reportedly
one aspect of the deal that tipped negotiations in GE’s favor.
Interestingly, the
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