NEW YORK (The Deal) -- General Electric (GE) CEO Jeffrey Immelt met French President Francois Hollande on Wednesday to sell the U.S. group's 11.4 billion ($15.5 billion) bid for Alstom's energy operations, a day after surprising French lawmakers with the offer of a business partnership with the French state.
Immelt made an unscheduled appearance Tuesday at France's National Assembly during a discussion about Alstom's future, declaring that GE was "open to an investment by the French government in a business alliance."
The CEO gave no details of the offer but it is likely to center on co-investment in Alstom's wind energy or hydroelectric operations, according to a GE source who asked not be named.
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