HAIER Group Corp bids to buy GE unit under study
www.chinaview.cn 2008-05-27 10:10:14   Print

    BEIJING, May 27 -- HAIER Group Corp is considering buying General Electric Co's consumer-appliance unit, the Economic Observer reported, citing an unidentified official with Haier.

    Haier has held talks with China Development Bank on financing the bid which could cost between 4 billion U.S. dollars and 8 billion U.S. dollars, the Beijing-based newspaper said in a report last Saturday. The Qingdao-based company hasn't yet made contact with GE about a possible purchase of the unit which makes refrigerators, ovens and dishwashers, the weekly newspaper said.

Editor: An Lu
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