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Yes. 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 c
by Naga 5y ago
Yes. 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.