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GE gets anti-trust approval to sell appliance unit to Haier

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Reuters

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(Reuters) - General Electric Co said its proposed deal to sell its appliance business to China's Haier Group for $5.4 billion had received approval from U.S. anti-trust authorities.

GE has received notice from the Department of Justice that it has completed its review of the proposed transaction, a GE spokeswoman told Reuters.

GE abandoned the sale of the business to Sweden's Electrolux AB for $3.3 billion in December after months of opposition from regulators.

The Justice Department declined to comment.

(Reporting by Yashaswini Swamynathan and Rama Venkat Raman in Bengaluru; Editing by Maju Samuel)

 

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First Published: Mar 04 2016 | 12:37 AM IST

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