US multinational GE shuts Irish healthcare subsidiary in Shannon

US multinational GE shuts Irish healthcare subsidiary in Shannon

GE Healthcare Holding Ireland, which was incorporated in Shannon, Co Clare, had no staff, but routed billions of dollars to various GE subsidiaries around the world

GE, the US multinational conglomerate, has pulled down the shutters on an Irish subsidiary that was used to invest billions of dollars across its global healthcare operations.

A liquidator has been appointed to GE Healthcare Holding Ireland, which was incorporated in Shannon, Co Clare. The company had no staff, but routed billions of dollars to various GE subsidiaries around the world.

The company is being wound up through a members’ voluntary liquidation, meaning all creditors...

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