GE’s plans for Baker Hughes sale potentially ‘disappointing’ for investors

US aviation and power giant GE plan to sell Baker Hughes shares over three years to strengthen balance sheet after $2 billion quarterly loss

Changes: Baker Hughes chief executive Lorenzo Simonelli was previously GE Oil & Gas chief executive — Changes: Baker Hughes chief executive Lorenzo Simonelli was previously GE Oil & Gas chief executivePhoto: KAIA MEANS

Anamaria Deduleasa

London

GE Baker Hughes Americas North America

Published 29 July 2020, 14:05Updated 29 July 2020, 14:05