Whether a deal that started life in the board rooms of Connecticut and Paris has a happy ending will be decided by mid-September in the bureaucrats' paradise of Brussels, where the European Commission will give its blessing or otherwise after a probe sparked by fears over its impact on competition in the gas turbine sector.
GE and Alstom have been hard at work offering “remedies” to the EC’s concerns, and Alstom showed this week it would put its money where its mouth is by agreeing to a €300m ($331.5m) price
