BRIEF-GE Vernova To Fully Acquire Prolec GE Joint Venture-March 2024-www.financetom.com

BRIEF-GE Vernova To Fully Acquire Prolec GE Joint Venture

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BRIEF-GE Vernova To Fully Acquire Prolec GE Joint Venture

Oct 21, 2025 2:46 PM

Oct 21 (Reuters) - GE Vernova Inc ( GEV ):

* GE VERNOVA TO FULLY ACQUIRE PROLEC GE JOINT VENTURE

* GE VERNOVA INC ( GEV ): $5.275B PURCHASE PRICE AT CLOSING,

EXPECTED TO

BE FUNDED EQUALLY WITH CASH & DEBT

* GE VERNOVA INC ( GEV ) - TO BUY REMAINING 50% STAKE OF PROLEC GE

FROM

XIGNUX

* GE VERNOVA INC ( GEV ): DEAL IS IMMEDIATELY ACCRETIVE BEFORE

SYNERGIES

Source text:

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