GE boss to meet French minister as Alstom deal progresses

General Electric (GE) boss Jeff Immelt is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the global power arm of struggling French engineer Alstom, sources close to the matter said. Some put a $13 billion valuation on Alstom's (ALO.PA) turbines and power grid equipment business. Sources close to the government who flagged the likely meeting between economy minister Arnaud Montebourg and Immelt said Prime Minister Manuel Valls might also meet the chief executive, who heads one of the 10 largest investor-controlled companies in the world, should the more senior politician return from a visit to Rome in time. French media said a decisive Alstom board meeting, the second since Friday, would also take place on Sunday.

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