Last updateFri, 18 Jan 2019 3pm


Valve Manufacturing

GE & Baker Hughes Receive Clearance, Announce Leadership Team

The European Commission has cleared the proposed transaction between Baker Hughes andGE’s oil and gas business under EU merger control rules. Baker Hughes and GE continue to work constructively with regulators and expect to close the transaction in mid-2017.

Both companies also announced the executive team that will lead Baker Hughes, a GE Company upon closing of the proposed transaction, led by Lorenzo Simonelli who will serve as president & CEO. 

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