Social concerns. By announcing, on November 30, the beginning of exclusive negotiations with Alstom/Schneider Electric, Areva ended several weeks of faux suspense around the sale of its T&D subsidiary. Faux suspense because one could hardly picture the French State sell an important part of its industrial jewels to the American General Electric or to the Japanese Toshiba, the other two possible buyers. However, their offering price was one billion over Alstom/Schneider Electric’s offer. What’s more, as the group’s staff representatives pointed out on Tuesday, December 1 at a press conference, the social impact would have been smaller, since these offers didn’t provide for a split between T&D’s subsidiaries. Now, the true suspense lies in the social consequences of this industrial operation, which will still take a few more months to finalize. To this day, no clear numbers on the number of jobs at stake have been given.
an important part of its industrial jewels to the American General Electric or to the Japanese Toshiba, the other two possible buyers. However, their offering price was one billion over Alstom/Schneider Electric’s offer. What’s more, as the group’s staff representatives pointed out on Tuesday, December 1 at a press conference, the social impact would have been smaller, since these offers didn’t provide for a split between T&D’s subsidiaries. Now, the true suspense lies in the social consequence
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