GE May Sell Its Power-Conversion Business -Bloomberg
August 10 2018 - 12:36PM
Dow Jones News
--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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