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; matthew.cowley@dowjones.com

Stock News for Gen Electric (GE)
DateTimeHeadline
12/19/201416:10:21Alstom CEO Expects to Settle DOJ Bribery Allegations Very Soon
12/18/201406:25:20Hungary to Sell MKB Bank After Revamp by Central Bank - Prime...
12/17/201404:09:23Alstom Confirms Talks with US Department of Justice Are Ongoing
12/16/201418:39:16Oil Price Drop to Weigh On GE 2015 Earnings -- Update
12/16/201416:29:11GE Sees Lower 2015 Earnings Amid Oil Price Drop
12/13/201420:41:07How Cheap Oil Complicates Investing
12/12/201418:30:31GE Boosts Dividend By 5%
12/10/201418:27:34Cheap Oil Creates Winners, Losers in U.S. Manufacturing
12/09/201401:16:50Nuclear Energy Firms Raise Stakes in Projects
12/05/201404:30:04Hungary Isn't Building a Giant State Bank
12/05/201403:46:04Hungary Isn't Building a Giant State Bank -- PM Orban
12/04/201411:20:06Hungary Buys Budapest Bank From GE
12/01/201414:25:24U.S. Stocks Trade Lower
12/01/201412:31:11Rolls-Royce Expects to Make Progress on Job Cuts
11/26/201418:36:37Fed May Tailor Rules for Systemically Important Nonbank Firms
11/26/201402:06:40VietJet Signs US$300 Million Engine Maintenance Deal with CFM
11/21/201407:00:19Blackstone to Buy General Electric's Japan Property Business
11/18/201418:03:24Blackstone Buys Australian Chemicals Business
11/17/201413:38:31Hungary to Limit Interest Rates on Converted Forex Loans
11/17/201407:34:08GE's China Head Expects Strong Order Growth, Despite Slowing...

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad