GE: $168B Financial Asset Sales Closed Through July

General Electric reported through Q2/16, $181 billion of asset sales were signed and $158 billion closed. In addition, GE said an additional $2 billion was signed and $10 billion closed in July.

GE also noted its de-designation as a systemically important financial institution became effective June 28.

“Investors are seeing the benefits of our portfolio transformation. The GE Capital exit plan enabled GE Capital to return $15 billion in dividends year to date, and our de-designation as a systemically important financial institution gives us more balance sheet flexibility. We will continue to invest in key growth initiatives such as GE Digital, while returning ~$26 billion to investors through buyback and dividends,” said Jeff Immelt, chairman and CEO.

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