ADVFN - Advanced Financial Network.
HOME» NYSE » G » GE Stock Price » GE Stock News

Gen Electric Share News

 General Electric Stock Price
GE Stock Price
 General Electric Stock Chart
GE Stock Chart
 General Electric Stock News
GE Stock News
 General Electric Company Information
GE Company Information
 General Electric Stock Trades
GE Stock Trades

General Electric To Pay $300 Million For Stake In Brazil's EBX Group

SAO PAULO -(Dow Jones)- General Electric Co. (GE) has agreed to pay $300 million to take a 0.8% stake in Brazilian industrial conglomerate EBX, which is owned by billionaire businessman Eike Batista. "EBX is already a large GE strategic partner and by strengthening our existing relationship, this investment opens up more opportunities in key resource-rich areas of the world," GE Chairman and Chief Executive Jeff Immelt said in a statement. GE will buy shares in Centennial Asset Brazilian Equity LLC and other offshore holding companies which comprise the EBX group, the statement said. EBX will use the proceeds to reinforce the company's finances and help finance future investment opportunities, GE said. GE, meanwhile, said it's trying to bring "certain industrial production" to the Acu port in Rio de Janeiro state, which is being built by LLX Logistica SA (LLXL3.BR), an company controlled by EBX. Batista, who is also the chief executive of EBX, last month sold a 5.63% stake in the Rio de Janeiro-based holding company to Mubadala, Abu Dhabi's sovereign wealth fund, for $2 billion. Batista is raising money to diversify into industries from precious metals to entertainment and sports management, while investing in his existing iron-ore, oil, coal, shipping and power-generation companies. -By Matthew Cowley, Dow Jones Newswires; +55 11 3544 7082;

Stock News for Gen Electric (GE)
11/30/201517:02:30Current Report Filing (8-k)
11/30/201511:20:04Better Buy Today: General Electric or Honeywell International...
11/30/201510:51:00Indian Railways Signs Deals With Alstom, GE for 1,800 Locomotives
11/29/201510:00:00GE Healthcare to Connect 500,000 Imaging Machines with Announcement...
11/28/201511:34:02Why the Microgrid Is the Next Big Growth Opportunity in Energy
11/27/201503:02:00Activists Display Lighter Touch
11/25/201511:07:02What Siemens' Results Mean for General Electric Company
11/25/201509:01:00GE Completes Sale of Consumer Finance Business in Australia and...
11/24/201512:52:00DILON Diagnostics and GE Healthcare announce a global distribution...
11/24/201510:21:00Airbus Gains Regulatory Approval for New A320neo Plane
11/24/201509:45:031 Chart That Shows How Texas Is Blowing Away Wind Generation
11/23/201520:50:00Google Parent to Ask Subsidiaries to Pay for Corporate Services
11/23/201517:30:023 Stocks to Buy and Hold for the Next Decade
11/23/201516:42:43Current Report Filing (8-k)
11/23/201516:14:35Statement of Changes in Beneficial Ownership (4)
11/23/201516:14:26Statement of Changes in Beneficial Ownership (4)
11/23/201511:04:023 Ways General Electric Just Got Serious About Wind Energy
11/23/201508:50:00GE to Sell U.K. Home Lending Portfolio
11/23/201508:33:00GE to Sell U.K. Home Lending Portfolio
11/23/201507:07:00GE To Sell UK Home Lending Portfolio to Blackstone, TSSP and...

Gen Electric and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations