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

Published 03/03/2016, 02:09 PM
Updated 03/03/2016, 02:20 PM
© Reuters. The logo of US conglomerate General Electric is pictured at the company's site in Belfort
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(Reuters) - General Electric Co (N:GE) 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 (ST:ELUXb) for $3.3 billion in December after months of opposition from regulators.

© Reuters. The logo of US conglomerate General Electric is pictured at the company's site in Belfort

The Justice Department declined to comment.

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