RE: Why GE needs NCCL...30 May 2018 18:02
Why did GE/CMEC form a joint venture for the power project but also insisted on a minimum of 60% of the coal operations?
By not acquiring NCCL in full there would always be the potential for them to complicate matters whether NCCL hold 40%, 20%, or even a single, solitary share - a casting vote for either GE or CMEC in the event of differing proposals to achieve a stated aim - that is too much power for a third party imo. Remove NCCL and proceed by mutual consent once terms have been agreed with the government - keeping it simple.
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GL
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