EU regulators to warn GE on Alstom power deal

June 11, 2015 10:38 AM

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BRUSSELS, June 11 EU antitrust regulators are set to warn General Electric on Friday that its proposed bid for Alstom's power unit will harm competition unless GE can convince them otherwise, two people familiar with the matter said on Thursday.

GE is now seeking to counter the European Commission's concerns with some concessions in a bid to stave off the statement of objections, the people said. However, it did not appear to have much success.

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