GE announces breakup into three public companies

Yesterday, GE announced its plan to form three global public companies focused on the growth sectors of aviation, healthcare, and energy. Pursuing a tax-free spin-off of GE Healthcare, creating a pure-play company at the centre of precision health in early 2023, in which GE expects to retain a stake of 19.9 percent; and combining GE Renewable Energy, GE Power, and GE Digital into one business, positioned to lead the energy transition, and then pursuing a tax-free spin-off of this business in early 2024. Following these transactions, GE will be an aviation-focused company. As independently run companies, GE states that the