WSJ: GE to Sell Japan Commercial Finance Operation

The Wall Street Journal reported, citing people familiar with the situation, that GE is putting its $5 billion Japanese commercial finance operation up for sale, shedding a key piece of its GE Capital’s Asia operations as part of its efforts to slim down.

The Wall Street Journal said potential bidders are expected to include Japan’s largest financial institutions: Mitsubishi UFJ Financial Group’s leasing unit and Sumitomo Mitsui Financial Group.

According to The Wall Street Journal, GE Capital’s commercial finance business includes large ticket, vendor and fleet management divisions.

To view the full Wall Street Journal report, click here.

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