Ballard buys Alstom's stake in generating unit

Newswire

VANCOUVER, British Columbia, Dec 18 (Reuters) - Fuel cell maker Ballard Power Systems Inc. said on Wednesday it had moved closer to taking full control of its stationary power generator subsidiary, buying the 18 percent stake held by Alstom , the French engineering group. Ballard said it paid Alstom 2.5 million Ballard shares for the stake in Ballard Generation Systems. The shares were trading at C$18.70 in Toronto and $12.041 on Nasdaq at midday on Wednesday. Ballard last year bought ...

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