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Baker Hughes makes a $375 million deal
July 19, 2018
Source: Chron

Baker Hughes makes a $375 million deal

Baker Hughes announced the sell-out of its natural gas solutions business to a private equity firm and an Italian company, in a deal worth $375 million. The Connecticut-based private equity firm, First Reserve will procure the global manufacturing business and around 450 employees. On the other hand, BHGE’s manufacturing plant in Italy will be acquired by the Italian firm, Pietro Fiorentini.

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