Exclusive: EU regulators likely to probe deeper into GE, Alstom deal – sources
General Electric's 12.4-billion-euro ($14.08 billion) bid for Alstom's power equipment business is likely to face a full-scale investigation by EU antitrust regulators, three people familiar with the matter said on Wednesday. The move by the European Commission suggests that the EU watchdog may have concerns that the deal could reduce competition, in which case it may demand remedies. "There is a strong possibility that the European Commission will open a phase two investigation although there is no final decision yet," said one of the people who declined to be named because of the sensitivity of the matter. Another source said the companies have not provided concessions to the EU competition authority.
