GE explores divesting its transportation, health care IT businesses: Report

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The logo of Down Jones Industrial Average stock market index listed company General Electric is shown at their subsidiary company GE Aviation in Santa Ana, California April 13, 2016. REUTERS/Mike Blake (Copyright Reuters 2017)

General Electric Co (GE) is exploring divesting its transportation and health care information technology businesses, as it seeks to reshape its portfolio under new Chief Executive John Flannery, people familiar with the matter said.

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Such a move would help GE to meet more than half of its stated goal of shedding more than $20 billion worth of assets, the sources said this week. There is no certainty that GE will proceed with these divestitures, the sources added.

The sources asked not to be identified because the deliberations are confidential. GE declined to comment. (Reporting by Carl O'Donnell and Greg Roumeliotis in New York; Additional reporting by Alwyn Scott in San Francisco)

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