Dussur sells 55% stake in GE Saudi for Advanced Turbines to GE Vernova

Saudi Arabian Industrial Investments Company (Dussur) sold its entire 55% stake in General Electric Saudi for Advanced Turbines (GESAT), a gas turbine manufacturing joint venture, to GE Vernova Inc. The deal was announced on September 5, 2024.

“Kirkland & Ellis advised the Saudi Arabian Industrial Investments Company (Dussur)...on the sale of its entire 55% stake in General Electric Saudi for Advanced Turbines...to GE Vernova Inc.”kirkland.com

• 6 sources
• kirkland.comKirkland Advises Dussur on Sale of Entire Stake in General Electric Saudi for Advanced Turbines | News | Kirkland & Ellis LLPSep 1, 2024
• gevernova.comGE Vernova acquires Dussur’s shares in General Electric Saudi Advanced Turbines (GESAT) | GE Vernova NewsSimon. LangfordSep 2, 2024
• energymea.economictimes.indiatimes.comGE Vernova buys remaining stake in Saudi JV from Dussur, ETEnergyworldMEAETEnergyWorld MEASep 3, 2024
• vccircle.comSaudi PIF-backed Dussur sells stake in JV to GE VernovaReutersSep 3, 2024
• turbomachinerymag.com

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