Renewable Energy

GE evaluating strategic options for venture arm

Credit: REUTERS/VINCENT KESSLER

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.

June 13 (Reuters) - General Electric Co GE.N 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.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Reuters Messaging: sanjanasitara.shivdas.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Companies

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More