GE may look outside US after Electrolux deal dies

New York

GENERAL Electric Co (GE) may look outside the United States or to private equity (PE) to find a new buyer for its appliances business after abandoning plans to sell the unit to Electrolux AB.

The industrial giant still intends to unload the division after scrapping a US$3.3 billion deal that the US Justice Department had opposed, GE said on Monday.

"GE's appliances business has attractive assets likely to be attractive to a range of overseas buyers trying to g…