GENERAL Electric has confirmed it is offloading its 62.5% interest in oil field service company Baker Hughes in a rapid escape from a tumultuous oil sector after purchasing the company last year.
GE to sell 62.5% stake in Baker Hughes
The staged sell off will take two to three years, with the full stake worth some US$23 billion, but who will buy what is unknown. A full scale sale is unlikely given the most likely interested...
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