GEC to rule on Alsthom

GEC is expected to make an announcement on the future of its GEC-Alsthom subsidiary at its half-year results on 4 December. The company would not comment this week on a report that it and its French partner Alcatel had decided to demerge the jointly owned power-to-trains subsidiary and float it off for an estimated £4bn.

GEC is expected to make an announcement on the future of its GEC-Alsthom subsidiary at its half-year results on 4 December.

The company would not comment this week on a report that it and its French partner Alcatel had decided to demerge the jointly owned power-to-trains subsidiary and float it off for an estimated £4bn.