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GE eyes $4 billion in asset sales, has no plans to sell stock: CFO


GE eyes $4 billion in asset sales, has no plans to sell stock: CFOGeneral Electric Co (GE.N) has "line of sight" on the first $4 billion in asset sales under its plans for $20 billion in disposals, the company's chief financial officer said on Wednesday, while dismissing talk about selling shares to raise capital. Chief Financial Officer Jamie Miller, speaking to an investor conference organized by Citigroup in Miami, did not elaborate on the planned asset sales. Miller said GE does not plan to quickly sell its 62.5 percent stake in oilfield services business Baker Hughes (BHGE.N) before the expiration of a two-year lockup period, reversing an earlier stance that had cast uncertainty around Baker Hughes.





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