What is the relationship between General Electric and conglomerate in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

** U.S. conglomerate General Electric has offered concessions in an attempt to counter EU regulatory concerns about its 12.4-billion-euro ($13.49 billion) bid for French peer Alstom's power unit, its biggest ever acquisition.

Answer: industry