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Mon 23 Jun 2014 03:36 PM

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France protects engineering giant Alstom

France clinched a deal to take a stake in Alstom, a move aimed at preserving the country's strategic interests in the face of a bidding war for the French firm

France protects engineering giant Alstom
A photo taken on June 23, 2014 in Belfort shows the logos of the French power and transport engineering company Alstom. France on June 22 clinched a deal to take a stake in Alstom, a move aimed at preserving the country's strategic interests in the face of a bidding war for the French engineering giant. (AFP/Getty Images)
France protects engineering giant Alstom
Mitsubishi C.E.O Europe Fyi Yashiyuki Hanasawa (2ndR), and Chairman of the board and C.E.O of the German group Siemens Joe Kaeser (C), arrive for a meeting with French President at the Elysee palace on June 20, 2014, in Paris. The battle for French group Alstom heated up today, as Siemens-Mitsubishi and General Electric sweetened their rival bids to win over the government and tie-up with the firm's main power-generation division. (AFP/Getty Images)
France protects engineering giant Alstom
A photo taken on June 23, 2014 in Belfort shows the logos of the French power and transport engineering company Alstom. France on June 22 clinched a deal to take a stake in Alstom, a move aimed at preserving the country's strategic interests in the face of a bidding war for the French engineering giant. (AFP/Getty Images)
France protects engineering giant Alstom
Employees of the French power and transport engineering company Alstom stand by a steam turbine parked in a workshop on June 23, 2014, in Belfort. France on June 22 clinched a deal to take a stake in Alstom, a move aimed at preserving the country's strategic interests in the face of a bidding war for the French engineering giant. (AFP/Getty Images)
France protects engineering giant Alstom
Chairman of the board and C.O of the American conglomerate General Electric Jeffrey R. Immelt, and General Electric C.O for Europe Clara Gaymard, leave after a meeting with French President at the Elysee palace on June 20, 2014, in Paris. The battle for French group Alstom heated up today, as Siemens-Mitsubishi and General Electric sweetened their rival bids to win over the government and tie-up with the firm's main power-generation division. (AFP/Getty Images)
France protects engineering giant Alstom
A photo taken on June 23, 2014 in Belfort shows the logos of the French power and transport engineering company Alstom. France on June 22 clinched a deal to take a stake in Alstom, a move aimed at preserving the country's strategic interests in the face of a bidding war for the French engineering giant. (AFP/Getty Images)
France protects engineering giant Alstom
French president Francois Hollande makes a statement after an informal European meeting at the 'Marigny Hotel' near the Elysee palace, on June 21, 2014, in Paris. (AFP/Getty Images)
France protects engineering giant Alstom
Alpha jets, part of the Patrouille Acrobatique de France, leave trails of smoke in the colors of the French national flag during an international D-Day commemoration ceremony on the beach of Ouistreham, Normandy, on June 6, 2014, marking the 70th anniversary of the World War II Allied landings in Normandy. (AFP/Getty Images)