Contenders Emerge for GE Capital Australian Assets



According to The Australian, China’s HNA Group and a consortium comprising Deutsche and Sankaty Advisors made it through to the second round of the process to buy GE Capital’s Australian assets.

The Australian said that the Bank of Queensland was eliminated from contention, while the standing of potential buyers Lone Star and Macquarie is still unknown.

Last week, TPG Capital bowed out of the competition for GE Capital’s Australian assets, which are valued at roughly $2 billion.

Read the full report from The Australian here.


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Terry Mulreany
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