GE Capital’s Australian Units Said to Be Receiving Final Bids From 3
ByYDNEY, Australia — GE Capital has three final participants in the final round of an auction of its Australian commercial lending and leasing businesses, said a person with direct knowledge of the matter.
General Electric, which for years has beenMOVING
away from banking as it has become less profitable and riskier, announced plans in the springto shed GE Capital and sell off most of that division over the next two years.
GE Capital was said to be having trouble finding buyers for its Australian units. In the next five to six weeks, though, this person said, final bids are expected for businesses in private aircraft financing, equipment rental, lending for working capital and leveraged loans…
GE Capital’s Australian Units Said to Be Receiving Final Bids From 3
