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General Electric Sells Appliance Business For $3.3 Billion

2014-09-08 17:12:02| Appliances - Topix.net

General Electric announced the sale of its storied appliance to with Sweden's Electrolux , in a $3.3 billion transaction that also includes the sale of GE's 48.4% stake in Mexican appliance company, Mabe. GE had a product development and manufacturing joint venture with the Mexican firm.

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