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Emerson Electric to sell majority stake in climate tech unit to Blackstone

By Syndicated Content Oct 31, 2022 | 6:40 AM

(Reuters) – Emerson Electric Co said on Monday it would sell a majority stake in its climate technologies business to buyout giant Blackstone Inc in deal that values the unit at $14 billion, as it looks to streamline operations and intensify its focus in automation.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shailesh Kuber)

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