GE to increase stake in Sweden’s Arcam to more than 90 percent

FAN Editor
FILE PHOTO - The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne
FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo

December 27, 2017

(Reuters) – General Electric Co <GE.N> said on Wednesday it will increase its stake in Swedish 3D printer maker Arcam AB <ARCM.ST> to more than 90 percent from 77 percent.

GE said it will buy Arcam’s outstanding shares that are owned by Elliott Management and Polygon Investment Group for 345 Swedish crowns ($41.44) per share.

GE, which bought a controlling stake in Arcam in late 2016, said on Wednesday it plans to request Arcam to delist its shares on the Nasdaq Stockholm exchange.

(Reporting by Philip George in Bengaluru; Editing by Sayantani Ghosh)

Free America Network Articles

Leave a Reply

Next Post

China Inc braces for testing 2018 as profit growth slows to seven-month low

FILE PHOTO: A worker jokes and beckons at her colleague as she rolls away carts of unused tools between rows of spinning machine at a factory owned by Hong Kong’s Novetex Textiles Limited in Zhuhai City, Guangdong Province, China December 13, 2016. REUTERS/Venus Wu/File Photo December 27, 2017 BEIJING (Reuters) […]