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Does that mean they will have three tickers too? If so would the renewable side of the business a buy?
by mercy_dude 5y ago
Does that mean they will have three tickers too? If so would the renewable side of the business a buy?
- tantalor 5y agoThe quote says "three... public companies"
- oblio 5y agoIt depends, will they get US subsidies?
- jeffbee 5y agoProbably not anywhere near as much as Westinghouse collects for failing to build fission reactors.
- fullstop 5y agoI have a handful of GE shares, so this will be interesting.
- deleted 5y ago[deleted]
- Naga 5y agoYes. FTA: > GE Healthcare will be spun off in 2023, with GE retaining a 19.9 per cent stake in the unit. GE Renewable Energy, GE Power and GE Digital will be combined into one energy-focused company that will be spun off in 2024. Once these transactions are completed, the original GE will focus on aviation. So there will be a GE Healthcare (20% owned by GE, the rest owned by individual shareholders), GE Energy starting in 2024 (probably similar ownership structure) and GE. Shareholders of GE will be receiving shares of the other two, but the details of that aren't clear yet I think.
- skinnymuch 5y agoWhy is GE aviation keeping some ownership of the other two? Vs any other mechanism or ownership structure.
- intuitionist 5y agoProbably Aviation is retaining a lot of GE’s debt and plans to use its retained ownership interest in the others to generate cash to pay it down.
- dehrmann 5y ago> If so would the renewable side of the business a buy? It looks like power is power, so it includes renewables, but also things like natural gas. It makes sense from an engineering perspective because they're all turbines and generators, but I can see why investors might want the pure renewable play.