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GE evaluating strategic options for venture arm


Reuters


June 13 (Reuters) - General Electric Co is evaluating strategic options for its venture arm, the company said on Thursday, as the industrial conglomerate looks to cut down billions of dollars in debt and turn around its ailing power unit.

"During this time of transformation for GE, we are evaluating strategic options for GE Ventures to continue delivering returns for our shareholders and partners," a GE spokeswoman said.

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June 13 (Reuters) - General Electric Co is evaluating strategic options for its venture arm, the company said on Thursday, as the industrial conglomerate looks to cut down billions of dollars in debt and turn around its ailing power unit.

"During this time of transformation for GE, we are evaluating strategic options for GE Ventures to continue delivering returns for our shareholders and partners," a GE spokeswoman said.






This article appears in: World Markets , Stocks
Referenced Symbols: GE



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