Summary
NEW YORK - General Electric Co. completed the sale of a majority stake in its global outsourcing business to two U.S.-based equity firms for $500 million, the conglomerate said Friday.
General Electric sold a 60 percent stake in GE Capital International Services (Gecis) to U.S. private equity firms General Atlantic Partners LLC and Oak Hill Capital Partners LLC, which will broaden the customer base for its outsourcing services, General Electric said.See the full content of this document
Extract
Ge Completes $500 Million Sale
General Electric will keep 40 percent of Gecis, based in New Dehli and prim...
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