Economy Minister Arnaud Montebourg said on Wednesday that he told General Electric the French government was ready to entertain a solution for Alstom that enabled it to have a future as a French company.
"We are ready to discuss alliances, not an absorption. We prefer an equal alliance ... not absorptions," Montebourg told a French parliament committee after Alstom said it would review a binding offer from GE for its energy business by end-May.
Continue Reading Below
"It will be from the combination of economic and industrial interests, but also of economic and industrial sovereignty, that the right solution will emerge enabling Alstom to have a future in France - because what interests me is France," he said.
(Reporting by Nicholas Vinocur; writing by Mark John; Editing by Brian Love)