GE to divest Baker Hughes

GE says it plans to fully separate its 62.5% interest in BHGE over the next two to three years.

Offshore staff

BOSTON– GE says it plans to fully separate its 62.5% interest in BHGE over the next two to three years. 

John Flannery, chairman and CEO of GE, said: “Today marks an important milestone in GE’s history. We are aggressively driving forward as an aviation, power, and renewable energy company—three highly complementary businesses poised for future growth. We will continue to improve our operations and balance sheet as we make GE simpler and stronger.”

06/27/2018

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