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This article is more than 2 month old.

General Electric to split into 3 public companies

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The company said on Tuesday that it plans a spinoff of its healthcare business in early 2023 and of its energy segment in early 2024. GE anticipates keeping a 19.9 percent stake in the healthcare unit.

General Electric to split into 3 public companies
General Electric is splitting itself into three public companies focused on aviation, healthcare and energy.
The company said on Tuesday that it plans a spinoff of its healthcare business in early 2023 and of its energy segment in early 2024. GE anticipates keeping a 19.9 percent stake in the healthcare unit.
The company expects one-time separation, transition, and operational costs of approximately USD 2 billion related to the actions.
GE, based in Boston, also announced that it foresees lowering its debt by more than USD 75 billion by the end of the year.
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