You are here

China's Haier to buy GE's appliance unit for US$5.4b

Hong Kong

CHINA'S Haier Group has agreed to buy General Electric Co's appliance business for US$5.4 billion in what would be the country's biggest acquisition of an overseas electronics firm.

The Qingdao Haier Co signed an agreement with GE and the transaction is targeted to close...

Market voices on: