GE in talks to promote industrial lighting unit to PE agency: Bloomberg By EconomySquare
(Reuters) – Common Electrical Co (N:) is in talks to promote its industrial lighting enterprise to non-public fairness agency American Industrial Companions, Bloomberg reported on Monday, citing individuals conversant in the matter.
The deal might be introduced as quickly as this week, Bloomberg reported https://www.bloomberg.com/information/articles/2018-11-05/ge-is-said-to-near-sale-of-commercial-lighting-business-to-aip.
GE, which changed its former chief govt officer, John Flannery, with outsider Larry Culp in a shock transfer final month, has been shedding companies to deal with jet engines, energy vegetation and renewable vitality.
GE declined to remark.
American Industrial Companions was not instantly accessible for remark.
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