Bloomberg: GE, Element in Talks over Fleet Assets



Citing people familiar with the matter, Bloomberg reported that General Electric is in advanced talks to sell assets in its $9 billion vehicle fleet-management business to Element Financial.

Bloomberg said, according to one person, GE hopes to come to terms on a sale of the operations by the end of the quarter.

Bloomberg noted that Element bought GE Capital’s Canadian fleet business in 2013 for $560 million and entered into a Canadian-U.S. cross-border partnership.

To view the full Bloomberg report, click here.

Previously on monitordaily: Rumor: Element’s $2.5B Raise Tied to GE Capital Fleet Acquisition


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

  • Hidden
  • RAM Group Holdings does not share or sell your personal information. The information we ask you to furnish is limited to what is needed to process your order fully and completely. You may unsubscribe at any time. View our Privacy Policy.
  • Please Confirm permission for Monitor/Monitordaily to e-mail you.
  • Hidden

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com