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GE to sell $3 billion industrial solutions business

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Staff Writer | December 15, 2016
General Electric said it will sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.
General Electric
Selling   13,000 employees and 30 plants globally
The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously announced sale of its water business, GE said in an investor presentation.

The industrial solutions business has about 13,000 employees and 30 plants globally.