GE to Divest Its Healthcare Unit … WSJ/ RTRS
GE to Divest Its Healthcare Unit
General Electric Co plans to spin off its healthcare business and unload ownership in its oil services company Baker Hughes, The Wall Street Journal reported Tuesday, citing
people familiar with the matter.
The news comes a day after GE agreed to sell its distributed power unit for $3.25 billion to U.S. buyout group Advent.
GE could not be immediately reached for comment outside business hours.
The final divestment plan is expected to be presented to investors later Tuesday.
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