GE in talks with sovereign wealth funds

US industrial group General Electric (GE) is in talks with foreign sovereign wealth funds on a possible equity holding and joint operations, a senior executive said Thursday in a press report.
Ferdinando Beccalli-Falco, head of GE International, was quoted by the Financial Times Deutschland as saying that the group was speaking with the Singapore funds Temasek and GIC and with CIC and Safe of China.
GE's goal is to establish stable shareholders, since a large amount of its shares trade freely on financial markets, the newspaper said, while noting that the US group already has a strong cooperation with a state-owned fund from Abu Dhabi.
"We are discussing with them how each could contribute to investments in partner countries, in infrastructure for example," Beccalli-Falco was quoted as saying.