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GE to increase stake in Sweden's Arcam to more than 90 percent

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GE to increase stake in Sweden's Arcam to more than 90 percent

GE to increase stake in Sweden's Arcam to more than 90 percent
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(Reuters) – General Electric Co <GE.N> said on Wednesday it will increase its stake in Swedish 3D printer maker Arcam AB <ARCM.ST> to more than 90 percent from 77 percent.

GE said it will buy Arcam’s outstanding shares that are owned by Elliott Management and Polygon Investment Group for 345 Swedish crowns (£30.90) per share.

GE, which bought a controlling stake in Arcam in late 2016, said on Wednesday it plans to request Arcam to delist its shares on the Nasdaq Stockholm exchange.

(Reporting by Philip George in Bengaluru; Editing by Sayantani Ghosh)

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