GE May Sell Its Power-Conversion Business -Bloomberg

Date : 08/10/2018 @ 12:36PM
Source : Dow Jones News
Stock : General Electric Company (GE)
Quote : 12.315  -0.035 (-0.28%) @ 12:58PM

GE May Sell Its Power-Conversion Business -Bloomberg

Gen Electric (NYSE:GE)
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--General Electric Co. (GE) is considering selling its power-conversion business, Converteam, Bloomberg reports Friday, citing "people familiar with the matter."

--GE has been working with Credit Suisse Group AG on the possible sale, the report said, adding the unit could fetch $1.5 billion, below the $3.2 billion GE paid in 2011.

 

Full story: https://www.bloomberg.com/news/articles/2018-08-10/ge-is-said-to-ready-1-5-billion-sale-of-power-conversion-unit

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

August 10, 2018 12:21 ET (16:21 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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