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Nigeria Government: GE To Invest $10 Billion In Power Plants -Reuters

DOW JONES NEWSWIRES General Electric Co. (GE) has agreed to invest $10 billion in new power plants in Nigeria, that country's power ministry said Monday, Reuters reported on its website. Under terms of a memorandum of understanding, GE will take a 10% to 15% equity stake in the plants and that GE will join with the government and unspecified partners after a privatization of Nigeria's power sector, an unidentified spokesman for the ministry told Reuters. The spokesman did not say in what kind of power stations GE would invest. Full story at: www.reuters.com/article/2012/03/26/ge-nigeria-idUSL6E8EQ46T20120326?type=companyNews&feedType=RSS&feedName=companyNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FcompanyNews+%28News+%2F+US+%2F+Company+News%29 -Dow Jones Newswires; 212-416-2900

Stock News for Gen Electric (GE)
DateTimeHeadline
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08/24/201518:02:00GE Cuts Jobs, Closes Foundry at Lufkin Unit
08/24/201510:10:00RainDance Withdraws IPO, Citing Market Conditions
08/21/201517:00:00GE Completes Sale of U.S. Sponsor Finance Business to Canada...
08/20/201518:00:00Boeing, Supplier Wrestle to Produce Key Component
08/20/201508:00:00GE Signs Its Largest Battery Energy Storage Deal to Date
08/19/201508:00:00Commercial Distribution Finance to Provide Growth Financing for...
08/18/201509:30:00GE Announces Largest Laundry Launch in 20 Years
08/18/201508:00:00Commercial Distribution Finance Extends Dealer Financing Agreement...
08/17/201508:00:00GE Healthcare First to Receive FDA Clearance for Low Dose CT...
08/14/201514:07:05GE Expected to Win EU Approval to Buy Alstom's Power Business...
08/13/201517:40:08Goldman to Buy Assets from GE Capital bank
08/13/201517:38:32General Electric Sells GE Capital Bank's Online Platform to Goldman...
08/13/201517:29:11General Electric Sells GE Capital Bank's Online Platform to Goldman...
08/13/201516:15:00GE to Sell U.S. Online Deposit Platform to Goldman Sachs Bank...

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