GE also said it would stick to its pledge to create 1,000 net new jobs in France as part of its acquisition of Alstom’s energy business.
The deal increases to about $9 billion the value of Alcoa's 2015 aerospace supply contracts.
BlackRock’s stake could be a positive sign for the newly public company, which saw its stock price drop as much as 13 percent this week.
The approval was widely expected as FedEX had announced in October that European regulators would not challenge the transaction.
The proposed exchange would make French drugmaker Sanofi the market leader in the consumer healthcare division.
The deal, likely to be signed next week, comes months after GE sold its financial businesses in New Zealand, Australia and the U.S. in a drive to become a "simpler" industrial business.
The combined company, to be named DowDuPont, will eventually be split into three independent, publicly traded companies.
The two deals, in Japan and South Korea, could fetch the company billions of dollars amid investor pressure to shed risks associated with lending businesses, according to reports.
Since the deal was first announced in October, it has remained mired in a legal tussle with U.S. regulators, who say that the purchase would violate antitrust rules.
The Japan offer is part of General Electric's move to shed most of its finance unit and become a "simpler" industrial business.
The U.S. Justice Department is trying to stop a $3.3 billion deal that would merge the home appliance businesses of the two companies, saying that it may violate U.S. antitrust laws.
Australia's antitrust body is the latest in a growing list of global regulatory bodies that have raised concerns over the proposed merger of the world's No. 2 and No. 3 oilfield services companies.
The bank will acquire General Electric's $30 billion middle-market commercial lending unit, a significant chunk of GE's remaining finance business.
A smart stove? You may not believe you need it, but you'd be surprised about that.
The industrial giant is in advanced talks to sell a specialty finance portfolio, a person familiar with the matter said.
Around three-quarters of Fortune 500 companies take advantage of tax havens abroad.
Nelson Peltz has called for cost cuts at the conglomerate and wants it to sell some of its businesses, the Wall Street Journal reported, citing a document to be released Monday.
Comcast, the largest U.S. cable operator, is seeking to expand its business operations abroad after its attempted takeover of Time Warner fell through.
U.S. House of Representatives Speaker John Boehner's plan to step down puts pressure on American companies that rely on the Export-Import Bank.
The age-old appliance/tech brand increasingly communicates via social media channels like Snapchat, Facebook and Yo. GE's new CMO, Linda Boff, spoke about it with IBT.
A new report says the tech company is speeding up its driverless-car project, letting managers bring in more staff.
The company is moving 500 jobs overseas, citing the expiration of the Export-Import Bank. CEO Jeff Immelt has been outspoken in his support for the bank.