GE Capital Sale Story Thread

GE Capital Sells $3.6B Investment in Italian Bank

GE sold its shares in GE Capital Interbanca in Italy to Banca IFIS. The transactions represents an ending net investment of $3.6 billion. read more

GE Capital to Exit Stake in Czech Moneta Money Bank

Reuters reported GE Capital International will offer 92.2 million shares in the Prague-listed Moneta Money Bank in order to exit its remaining stake in the lender. read more

GE Capital Completes Spin-Off of Polish Bank

GE Capital completed the spin-off of Bank BPH’s core bank to Alior Bank, representing an ENI of $3.6 billion. GE has closed $178 billion of transactions since announcing it would sell $200 billion of business by the end of 2016. read more

Wintrust Closes GE Capital Franchise Finance Portfolio Acquistion

Wintrust Financial has closed its previously announced acquisition of select loans and related relationships from GE Capital Franchise Finance. read more

GE Capital Receives Binding Offer to Sell French Mortgage Portfolio

General Electric received a binding offer for the potential sale of its French prime mortgage portfolio from a newly established French FCT entity. read more

GE Completes Sale of Lending/Leasing Assets in AU & NZ to Bain Capital

GE completed its agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit. read more

CWB Acquires GE Capital’s Canadian Franchise Finance Business

Canadian Western Bank signed an asset purchase agreement to acquire GE Capital's Canadian Franchise Finance business. read more

GE Agrees to Sell Appliances Business for $5.4 Billion

GE has signed an agreement to sell its appliances business to Qingdao Haier for $5.4 billion. Haier will continue to use the GE Appliances brand. read more

GE to Cut 6,500 Jobs in Europe After Alstom Purchase

According to a recent Bloomberg report, General Electric plans to eliminate 6,500 jobs in Europe in a global restructuring effort. read more

GE Capital Divestitures in 2015 Reach $157 Billion

In its effort to divest most of GE Capital, GE signed $157 billion in transactions and closed transactions of $104 billion in ending net investment during 2015. read more

GE Sells Japanese Commercial Leasing Business to Sumitomo Mitsui

GE signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing. read more

GE Capital Passes $100B Threshold of Transactions Closed

GE said it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a SIFI. read more

GE to Sell Mexican Equipment Lending Platform to Linzor Capital Partners

GE signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners for ending net investment of approximately $1.1 billion. read more

GE Completes Sale of $5.9B UK Home Lending Portfolio

GE completed the previously announced sale of its UK home lending portfolio, valued at $5.9 billion to a consortium of funds managed by Blackstone, TPG Special Situations Partners and CarVal Investors. read more

Moody’s Assigns A1 Issuer Rating to GE Capital Global Holdings

Moody’s Investors Service assigned issuer ratings of A1 and Prime-1 to GE Capital Holdings, with a stable outlook. Moody’s will withdraw GECC’s ratings after GE completed the reorganization, with includes a merger of GECC into GE. read more

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