GE to sell $3 billion industrial solutions business
(Reuters) - General Electric Co (GE.N: Quote) 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.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza)
© Thomson Reuters 2017 All rights reserved.