General Electric Co. reached a deal to sell parts of its overseas lighting business to a former executive for an undisclosed amount, the first move for the conglomerate to separate with one of its oldest and most iconic businesses. The deal includes GE Lighting in Europe, the Middle East, Africa and Turkey, along with its Global Automotive Lighting businesses. The buyer is a company controlled by Joerg Bauer, the former president of GE Hungary, where the included lighting units are based. The businesses will operate as the...

Source: Wall Street Journal February 15, 2018 22:52 UTC