Re: Goninans Sold

[matthew@mail.usyd.edu.au (Matthew Geier)]

In article <37b2ebff.7769580@news.enternet.com.au>,
Yuri J Sos/Melbourne <steam4me@enternet.com.au> wrote:
>The Age 11 August 1999, Business Section Page 6
>
>"Howard Smith finally sells off train maker"
>
>
>The deal will see United welcome in a new major shareholder in General
>Electric, owner of Goninan's rail technology.  GE's private equity

 So GE puts down some cash to retain access to the Australian market. If 
rumours of EDI going for Gonnian had any basis, GE could have lost their
Australian railway technology agent to rival EMD!