Shareholders of French leading power equipment and train manufacturer Alstom on Friday approved a tie-up with the American General Electrics (GE), which aimed at boosting the French group's financial assets.

Struck with GE in June, the transaction deal for Alstom's thermal power, renewable power and grid businesses "was approved by a majority of 99.18 percent" at the shareholders meeting.

"Shareholders' support is a key milestone since the signing of the agreements with General Electric on Nov. 4 2014," the French company said in a statement.

The train and turbine maker added it could return between 3.5 billion euros (4.29 billion U.S. dollars) and 4 billion euros to shareholders following the deal.

In its takeover bid, the GE offered a sum of 12.35 billion euros and committed to creating 1,000 jobs in France by opening new sites in the country. Enditem

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