G.E. ups investments in energy market, set to acquire controversial company
by Shepard Ambellas, Intellihub:
Mr. Choi Chi Man, Managing Director of Thermal Services, along with his 2-year-old daughter, who were among those aboard AirAsia flight QZ8501 which reportedly crashed into the Java Sea on Dec. 28 after encountering bad weather.
Thermal Services, a division of Alstom Energy, set to be, if not already, acquired by General Electric (G.E.) after shareholders of Alstom authorized the sale on Dec. 19 for $16.9 billion.
Despite recent controversy incurred by Alstom, G.E. would maintain the upper hand in the deal, snatching up a quick $3.4 billion in Alstom’s “cash” upon closing.