Wednesday 19 September 2018
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Reuters
3 months ago

UPDATE 2-Advent takes over GE distributed power unit for $3.25 bln

NEW YORK/FRANKFURT, June 25 (Reuters) - U.S. buyout group Advent agreed to buy General Electric Co s distributed power unit for $3.25 billion, the companies said on Monday, marking GE s exit from a growing segment of the power business.

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