Two Bidders Remain for GE’s Japanese Commercial Finance Unit

According to the Wall Street Journal, Sumitomo Mitsui Financial Group and Shinsei Bank are the last two bidders in the running for GE’s roughly $5 billion Japanese commercial finance unit.

The Journal also reported that GE will opt to continue negotiations with both parties rather than select a “preferred bidder.”

Sumitomo Mitsui Financial Group closed the purchase of GE’s European sponsor finance business for approximately $2.1 billion in September.

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