Reported Monday September 2, 2024, 'GE Vernova Buys Remaining Stake In Saudi JV From Dussur'; The Value Of The Deal Was Not Disclosed By The Companies - Reuters News
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GE Vernova has acquired the remaining 55% stake in a Saudi joint venture from Dussur, becoming the sole owner of the General Electric Saudi Advanced Turbines JV. The deal's value was not disclosed.
September 03, 2024 | 3:57 pm
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GE Vernova has acquired the remaining stake in its Saudi joint venture, becoming the sole owner. This move could strengthen its position in the gas turbine market.
The acquisition of the remaining stake in the Saudi JV allows GE Vernova to have full control over the operations and strategic direction of the JV. This could lead to increased efficiencies and market opportunities in the gas turbine sector, potentially boosting the company's performance.
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