PARIS, June 19 (UPI) -- GE said it will sweeten its deal to acquire Alstom by agreeing to two joint ventures, one in the power grid business and another in renewable energy.
The company said it will maintain its $13.5 billion to take over the French company but will set up two joint alliances that will ensure the French government still has some control over Alstom's energy assets. President Francois Hollande's government has expressed concern that it will lose control over the energy and transport business, as well as its nuclear energy needs.