GE to Sell Commercial Lending and Leasing Business in JapanBy
Second deal between companies this year as GE sells assets
Rounds off Japan’s biggest year for acquisitions since 2012
Sumitomo Mitsui Finance & Leasing Co. agreed to buy General Electric Co.’s Japanese leasing business for about $4.8 billion, rounding off the country’s biggest year for acquisitions since 2012.
The unit of Sumitomo Mitsui Financial Group Inc. is expected to complete the purchase by April, the companies said on Tuesday. It’s the second acquisition of a GE business by the Tokyo-based financial group this year, after it bought the U.S. industrial giant’s European buyout-financing arm for $2.1 billion…
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