General Electric Co (GE.N) said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.
The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously announced sale of its water business, GE said in an investor presentation. (invent.ge/2gJLoWW)
The industrial solutions business has about 13,000 employees and 30 plants globally.
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[su_row] [su_column size=”1/2″] [su_posts template=”templates/teaser-loop.php” posts_per_page=”2″ tax_term=”8,502,19,5,6,4,7″ tax_operator=”0″ order=”desc” orderby=”rand”]s[/su_posts] [/su_column] [su_column size=”1/2″] [su_posts template=”templates/teaser-loop.php” posts_per_page=”2″ tax_term=”8,502,19,5,6,4,7″ tax_operator=”0″ order=”desc” orderby=”rand”]s[/su_posts] [/su_column] [/su_row]Source: Reuters.com