GE gets anti-trust approval to sell appliance unit to Haier | Reuters - Firstpost
You are here:

GE gets anti-trust approval to sell appliance unit to Haier | Reuters

#Latin America   #markets   #Sweden   #Technology   #United Kingdom  


General Electric Co (GE.N) said its proposed deal to sell its appliance business to China's Haier Group for $5.4 billion had received approval from U.S. anti-trust authorities.

GE has received notice from the Department of Justice that it has completed its review of the proposed transaction, a GE spokeswoman told Reuters.

GE abandoned the sale of the business to Sweden's Electrolux AB (ELUXb.ST) for $3.3 billion in December after months of opposition from regulators.

The Justice Department declined to comment.

(Reporting by Yashaswini Swamynathan and Rama Venkat Raman in Bengaluru; Editing by Maju Samuel)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Mar 4, 2016 01:00 IST

Comment using Disqus

Show Comments