General Electric is splitting into three companies.
Announcing the plans on Tuesday, GE said it will become separate, publicly traded companies for its aviation, healthcare and energy businesses.
The US company said it hopes to spin off the healthcare business to shareholders in early 2023 and that the separation of its renewable energy and power business will occur in early 2024.
Shares of GE surged as much as 17 per cent in premarket trading on the news before retreating to about a six per cent gain in early trading after the open.
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