17.07.2014 - General Electric plans to get rid of low-yield assets
American corporation General Electric is looking for a buyer for its business of producing appliances such as washing machines, air conditioners and refrigerators. This production is profitable, but compared with other divisions of the corporation profitability of this business is much lower, and the number of workers much bigger. The main directions of the corporation at which it has focused on is heavy machinery like engine construction for aviation gas turbine equipment, energy and transport engineering.
We consider this as a positive step for the further development of the corporation, and it should lead to improved financial performance. According to our estimates, till the end of the year, shares of the corporation can grow by 10-13%.