# GE plans to sell 51% stake in Wuhan Boiler

Wuhan Boiler announced that its controlling shareholder, GE Steam Power Investments, plans to exit its stake in the company. GE currently holds 51% of Wuhan Boiler, and the exit plan is still being developed.

- Type: Acquisition
- Announced: 2020-12-04
- Where: Wuhan, China
- Status: announced
- Products: boilers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md)
- [Wuhan Boiler](https://endata.com/companies/50675.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/373334.html), 2020-12-04: "武汉锅炉股份有限公司公告称，已接到公司控股股东通用电气蒸汽发电投资有限公司的书面通知，该控股股东拟退出武汉锅炉的股份。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.