So when is the money Coming????
GE closes sale of A&NZ consumer finance business
Nov 25 2015, 10:21 ET | By: Yoel Minkoff, SA News Editor Contact this editor with comments or a news tip
General Electric (GE -0.7%) has completed the sale of its Australia and New Zealand consumer finance business, representing aggregate ending net investment of approximately $4.3B, to a consortium made up of Varde Partners, KKR (KKR -0.2%) and Deutsche Bank (DB +0.6%)."Combined with the recently announced agreement to sell our commercial lending business in A&NZ, this is a big step in the complete exit of GE Capital from the region," said Keith Sherin, GE Capital chairman and CEO.Previously: Investor group to buy GE Capital consumer finance arm for $6.3B (Mar. 15 2015)
Investor group to buy GE Capital consumer finance arm for $6.3B
Mar 15 2015, 05:47 ET | By: Yoel Minkoff, SA News Editor Contact this editor with comments or a news tip
In one of the biggest deals in the Asia-Pacific region so far this year, a consortium of KKR (NYSE:KKR), Varde Partners and Deutsche Bank (NYSE:DB) has agreed to buy GE (NYSE:GE) Capital's Australian and New Zealand consumer lending arm for about $A8.2B ($6.26B).The move comes after General Electric disposed of its appliances unit, real estate holdings and a stake in NBCUniversal, and shed more of its banking businesses to return to its industrial focus.Previously: GE reportedly weighing deeper cuts to banking business (Mar. 11 2015)
This has been planned Since March 11 remember IMO
The Most Royal Dude
Lets Go Fishing
