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General Electric expands mining equipment holdings with $0.7 billion acquisition

Marc Howe | December 07, 2012 | 3:22 am Australia Europe 

General Electric (NYSE:GE) has expanded its interests in the mining equipment sector with the $700 million acquisition of Brisbane-based Industrea (ASX:IDL). The Australian reports that GE's new global mining division announced yesterday that it had finalized the purchase, marking the...

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