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GE's latest sale: Its 111-year-old rail business

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21.05.2018
GE's latest sale: Its 111-year-old rail business
GE agreed on Monday to merge its struggling rail business with rival Wabtech in an $11 billion deal. The transaction will raise $2.9 billion for the cash-strapped company, which has promised to sell off various businesses to pay down debt and stabilize its balance sheet.

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