General Electric Chairman and CEO Jeffrey Immelt (C), Senior Vice President for Corporate Business Development John Flannery and Clara Gaymard (L), the head of GE France, leave after a meeting with French President to discuss the future of French engineer
PARIS, May 28 (Reuters) : US conglomerate General Electric has improved its offer for French train and turbine maker Alstom, notably concerning the impact on jobs, an official at French President Francois Hollande's office said on Wednesday.
The comments, which followed a meeting between Hollande and GE Chief Executive Jeff Immelt, signaled a change of tone from Paris. The French government had until now criticized GE's $16.9 billion bid for Alstom's power arm and earlier this month passed a decree giving itself an effective veto on any deal.
On Tuesday evening, Immelt told French lawmakers his group would make detailed commitments to increase jobs in France, including by opening new sites.
He also said GE was considering a tie-up in rail signaling that would give Alstom control of that business, addressing government concerns that a straight sale of the power business would weaken the once-bailed out engineering group by reducing it to its smaller transport arm.
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