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GE Sells Appliance Division; Long-Term Play Becomes Clearer

2014-09-14 14:36:37| Chemicals - Topix.net

In its latest strategic move, GE announced it was selling off its appliance division to Electrolux for $3.3 billion. While not unprofitable, the division earned less than 4% of GE's total $146 billion; GE will focus on more profitable and larger growth sectors, such as energy .

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Category:Chemicals

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