GE ACQUIRES CONTROL OF ENGINE OVERHAUL FIRM IN BRAZIL
General Electric Engine Services recently acquired majority control of Companhia Eletromecanica (Celma), a jet engine overhaul and repair facility in Petropolis, Brazil. GE, which formerly held 9.7 percent of the company, now has a 74 percent stake. About half of Celma's business is derived from...
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