Shares of GE Healthcare Technologies (GEHC) jumped 1% in the pre-market session on Thursday, following reports that the company is considering options, including the sale of a stake in its China unit.
Bloomberg reported on Thursday, citing people familiar with the matter, that the U.S.medical technology company has been working with advisers to evaluate options for the business. A potential transaction may value the China assets at several billion dollars, the report said.
However, no final decision has been made on the timing and size of a potential disposal, and considerations are preliminary, sources told Bloomberg. According to the report, China is the company’s second-largest market, with approximately 7,000 employees in the region.
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