In collaboration with Blackstone, Wells Fargo bought GE Capital Real Estate in 2015. BX is now in talks with GE to acquire its Water business for ~$3.0 billion.
On October 31, 2016, General Electric disclosed that it would combine its Oil & Gas business with Baker Hughes, turning Baker Hughes into a GE company.
In this series, we’ll discuss General Electric’s (GE) expectations for 2017. We’ll also take a look at some of the milestones that made 2016 one for the books for GE.
On October 31, 2016, Baker Hughes (BHI) disclosed that it will combine with GE’s (GE) Oil and Gas business to form a new partnership—Baker Hughes, a GE Company. In an investor meeting held on December 8, BHI updated investors on the deal.
