U.S. buyout group Advent has agreed to buy General Electric’s (GE) (GE.N) distributed power operations for $3.25 billion, the companies said on Monday. GE had put the unit, which includes the reciprocating gas engine brands GE Jenbacher and Waukesha, up for sale to bolster its finances. The U.S. conglomerate had announced plans to divest about $20 billion in assets as part of a three-year restructuring plan, hoping to book as much as $10 billion in proceeds from selling industrial assets this year. …read more
Source:: Yahoo Finance
