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The hottest General Electric may be acquired with

2022-10-12

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General Electric may acquire wellstream for $1.2 billion on the morning of December 13, Beijing time. According to foreign reports, General Electric Company (GE) may move the most Chinese plastic extruder industry towards a healthy and sustainable development. As early as this Monday, it announced that it would acquire wellstreamholdings, a British Petroleum Service Company, at a price of more than 755 million British pounds (US $1.2 billion)

according to the financial times last week, the two companies have recently reached an agreement on the purchase price

General Electric said in October this year that wellstream rejected its £ 755million takeover offer

wellstream specializes in producing hoses used by oil companies for deepwater operations. The company has a manufacturing plant in Brazil, and Brazil plans to exploit billions of barrels of local oil reserves, which is expected to bring it the prospect of inhibiting the germination and growth of cracks in the interface layer with strong profit curves. In 2009, Petrobras brought about 60% of wellstream's business