Headline Details

GE to lose majority control of Baker Hughes with up to $3 billion share sale

Published on: Tue, 10 Sep 2019 21:33:25 UTC
News Agency: Reuters
Description:
General Electric Co is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday.

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