General Electric intends to allocate medical assets to a separate company

General Electric intends to allocate medical assets to a separate company and sell a stake in the oil service company Baker Highes. According to the American corporation, these steps will allow it to focus its efforts on such business areas as aviation, traditional and renewable energy. It is planned that GE Healthcare will be separated in the next 12-18 months, and the share in Baker Hughes will be sold in the next 2-3 years. The revenue of the GE medical unit, engaged in the production of diagnostic imaging equipment, amounted to 19 billion 110 million dollars in 2017, which exceeds 15% of the company's annual sales. General Electric expects that the net debt of industrial units by 2020 will be reduced to about $25 billion.

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