General Electric to sell over $2 billion stake in GE HealthCare

(Reuters) – General Electric (NYSE:) Co is offering 25 million of common stock, or an over $2 billion stake, in GE HealthCare Technologies Inc, according to a regulatory filing on Monday.

Under the debt-for-equity exchange agreement, GE is expected to exchange 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley (NYSE:), GE HealthCare said in the filing.

‍Evercore ISI, Morgan Stanley, BofA Securities, Citigroup (NYSE:) and Goldman Sachs (NYSE:) are joint lead book-runners for the offering.

GE HealthCare made its Nasdaq debut earlier this year after completing its spin-off from GE.