Reuters: Deals: Alstom CEO says won't pursue harmful takeovers

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Alstom CEO says won't pursue harmful takeovers Mar 15th 2012, 10:50 PARIS | Thu Mar 15, 2012 6:50am EDT PARIS (Reuters) - French transport and power engineering company Alstom (ALSO.PA) will not harm shareholders with deals that would imply raising equity in unfavorable conditions, its head said on Thursday amid reports it was eyeing takeovers in wind energy. Speaking at an investor meeting to detail the company's ambitions in Russia, Chief Executive Patrick Kron declined to comment on speculation that Alstom was looking for takeover targets to expand its wind power business. Kron was responding to press reports that the company is eyeing wind turbine makers Gamesa (GAM.MC) of Spain, Vestas (VWS.CO) of Denmark and Germany's REpower as potential targets. "Let's be clear there is nothing more to report on REpower, on Vestas, on Gamesa, Nordex (NDXG.DE) and a number of others," Kron said. "I'm not surprised that we are mentioned as I repeatedly have said we will evaluate our strategy in wind and in renewable in general ... But I have no intention to comment every time there is a rumor on this or that."

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