GE Said to Be Running Ahead of Schedule on Asset Sales

Bloomberg reported that GE is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.

Bloomberg noted that in presentation at an Electrical Products Group Conference, CEO Jeffrey Immelt said he expects to reach deals this quarter to sell as much as $30 billion of financial business as the company shrinks GE Capital.

Bloomberg said the goal of divesting about $200 billion of assets will be largely met next year, beating a previous target of 2017.

To access the full Bloomberg report, click here

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