Federal regulators have given General Electric the go-ahead to sell its Louisville-based appliances division to Qingdao Haier.
The companies had announced in January that China-based Haier would acquire GE Appliances for $5.4 billion, pending regulatory review.
GE said Thursday morning that it “has received notice from the Department of Justice that it has completed its review of the proposed transaction”
GE spokeswoman Kim Freeman said via email that the notice “is an important step toward closing the transaction.”
The companies still expect to complete the deal in the middle of this year.
Under the deal announced in January, the appliance unit’s headquarters will remain in Louisville, where about half of its 12,000 employees work.
GE has been trying to sell the appliance business because it wants to focus on being an infrastructure and technology company.
GE recently terminated an agreement to sell the unit to Sweden-based AB Electrolux. The DoJ had sued to stop the $3.3 billion acquisition because it feared a loss of competition and higher prices in the appliance industry.