GE-Alstom Deal: French Fear Losing Control of Nuclear Assets
Monday, June 16, 2014 at 8:25PM
Uranium Stocks


The standoff in France over General Electric Co. GE -0.81% 's $17 billion deal withAlstom SA ALO.FR -0.90% isn't just about jobs. It is also about nukes.

Nuclear-technology exports are a robust business in France, and Alstom is a significant player, supplying its Arabelle turbines to projects by engineering firm ArevaSA AREVA.FR -1.44% and utility Électricité de France SA EDF.FR -1.02% .

The concern among French officials is that future projects could become subject to a veto by Washington if GE owns Alstom's energy assets.

GE has told French officials that it could create a way to preserve French control of Alstom's nuclear assets, including the license to the Arabelle technology, people familiar with the matter said.

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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