FILE PHOTO: The Normal Electrical Co. brand is seen on the corporate’s company headquarters constructing in Boston, Massachusetts, U.S. July 23, 2019. Image taken July 23, 2019. REUTERS/Alwyn Scott

(Reuters) – Normal Electrical Co (GE) on Wednesday stated it plans to scale back its possession in oil and gasoline firm Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and goals to boost $2.7 billion within the course of.

The U.S. conglomerate, which can lose majority management of Baker Hughes, stated it might elevate the quantity via a public providing of 115 million Baker Hughes Class A shares priced at $21.50 every, and thru a non-public sale of $250 million…

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