Alstom says Bouygues to remain shareholder after GE deal

PARIS Wed Apr 30, 2014 6:42am EDT

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PARIS (Reuters) - Alstom Chief Executive Patrick Kron said on Wednesday that Bouygues would remain a long-term shareholder and keep its 29 percent stake if Alstom sold its energy divisions to refocus on its transport business.

The transport unit would have a more solid balance sheet if the energy business was sold to General Electric and could make acquisitions, Kron said on a conference call after the U.S. group confirmed its binding offer.

(Reporting by Benjamin Mallet; Editing by James Regan)

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