GE與Baker Hughes組建新公司

GE is taking control of US rival Baker Hughes to create the second-largest oilfield service company in the world and wring additional corporate savings out of their operations ahead of a potential recovery in the sector.

Under the terms of the deal, GE will contribute its entire oil and gas division and pay Baker Hughes shareholders $7.4 billion to create a separate publicly traded company, majority-owned by GE. GE will own 62.5% in the new Baker Hughes, with Baker Hughes shareholders keeping the balance of 37.5%. GE Oil & Gas chief executive Lorenzo Simonelli is to be the chief executive and president of the new entity, with Baker Hughes counterpart Martin Craighead taking on the role of vice chairman.GE group chairman and chief executive Jeff Immelt will become chairman of the new company. Inclusive of Immelt and Craighead, the new board will have nine directors — five from GE and four from Baker Hughes.