- Savings can be made from cutting bloated overheads
- Other remnants of former group can be sold off
One of the US’s most storied conglomerates has completed its break-up, as GE spun out its $33bn (£26bn)-turnover power and renewable energy business, GE Vernova (US:GEV), via a listing on the New York Stock Exchange last week.
Its disentanglement followed the hive-off of the $20bn-a-year GE Healthcare (US:GEHC) in January. What remains is a company focused on the aerospace market that chair and chief executive Larry Culp described as “maybe not as big as GE once was, but big enough”.