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Alstom Coal Equipment

Sep 21, 2020 GE took a $22 billion charge in 2018, largely related to Alstom. ‘Value Destruction’ The planned coal exit marks an about face from GE’s prior desire for a bigger presence in the steam market to tap long-term service contracts, which the company touted as a key upside for the Alstom deal, said Gordon Haskett analyst John Inch.

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