MARKETS

Baker Hughes to divest gas solutions business

ALREADY in the process of being spun off from GE, Baker Hughes plans to sell its own Natural Gas Solutions arm to two separate entities for a combined US$375 million.

Paul van Lieshout Hunt
 Lorenzo Simonelli

Lorenzo Simonelli

The sale sees Baker Hughes divest from industrial supply market areas it used to lead. Private equity firm First Reserve will buy out Baker Hughes' Dresser natural gas solutions business. First...

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