Europe: The saga continues

Author: | Published: 23 Sep 2015

When General Electric (GE) first agreed to buy Alstom's thermal, renewables and grid businesses back in April 2014 for $13.5 billion, it surely knew the deal would be no easy feat.

But after 17 messy months of petty disputes peppered with hints of xenophobia, countless antitrust investigations and several concessions, the mammoth transaction is – just about – nearing closure. It also had to withstand the creation of an entirely new regulation last summer; an...