THE BANKING TIMES

GE Healthcare exploring stake sale in China unit, says reports

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ETHealthWorldGE Healthcare Medical device maker GE Healthcare is working with advisers to explore options including the sale of a stake in its China unit, Bloomberg News reported on Thursday, citing people familiar with the matter.

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A potential transaction may value the assets at several billion dollars, the report said, adding that the considerations are preliminary and no final decisions have been made.

GE Healthcare did not immediately respond to a Reuters request for comment.

The company’s shares were up 1.4% in premarket trading.
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