Wednesday, January 22, 2025

GE to Get Export Financing From Britain

Posted by September 24, 2015

General Electric Co said it had reached an agreement with Britain's export credit agency to access export financing of up to $12 billion, allowing the company to create up to 1,000 jobs in the energy sector.

GE said the deal would support orders in a number of international markets including Brazil, Ghana, India and Mozambique.

GE has said it will move some U.S. manufacturing jobs overseas because it can no longer access U.S. Export-Import Bank financing after Congress allowed the agency's charter to lapse in June.

(Reporting by Ankit Ajmera in Bengaluru)

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