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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Dec 15, 2015 - GE Sells Japanese Commercial Leasing Business to Sumitomo Mitsui
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Apr 21, 2015 - GE Capital Finances AAA Acquisition
Apr 20, 2015 - Moody’s: GE Capital Asset Disposal Will Alter ABS Landscape
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Apr 15, 2015 - NYT: Investment Bankers Will Feel the Pain of GE Capital Spinoff
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Terry Mulreany
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