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French government gives green light for GE-Alstom deal

[November 05, 2014]  PARIS (Reuters) - The French government gave the green light on Wednesday for General Electric's planned 12.4 billion euro ($15.6 billion) purchase of most of Alstom's power business.

Economy Minister Emmanuel Macron said in a statement that the government would activate the process that would see it take a stake of up to 20 percent in French engineering group Alstom from shareholder Bouygues once the GE-Alstom deal was fully completed.

(Reporting by James Regan; Editing by Andrew Callus)

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