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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GE Aerospace | NYSE:GE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.18 | 0.09% | 192.80 | 193.44 | 191.14 | 193.10 | 3,075,932 | 01:00:00 |
From Oct 2019 to Oct 2024
By Dominic Chopping
STOCKHOLM--Sweden's Investor AB (INVE-B.SK), Electrolux's (ELUX-B.SK) biggest shareholder, fully supports the acquisition of General Electric's appliances business and will subscribe for its pro rata share of the SEK6 billion rights issue that will partly fund the deal, it said Monday.
Investor holds 15.5% of the capital and 30% of the votes in Electrolux meaning its share will be approximately SEK1 billion.
Investor chief executive Borje Ekholm said "as the leading owner, with a long-term ownership horizon, we find Electrolux's acquisition of GE Appliances industrially attractive and fully support it. The acquisition will strengthen Electrolux's position significantly in the important U.S. market and allow for continued investments in innovation and growth."
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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