- After scooping up its European P-E financing business in June, Sumitomo Mitsui Financial Group (NYSE:SMFG) has agreed to buy General Electric's (NYSE:GE) Japanese leasing business for $4.8B.
- The deal is part of the conglomerate's plan to sell off about $200B of GE Capital assets (a move it hopes to largely complete by end-2016), as it distances itself from finance to focus on its industrial roots.
- Previously: GE sheds more finance assets (Dec. 09 2015)
SMFG to buy GE's Japan leasing business
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Symbol | Last Price | % Chg |
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SMFG | - | - |
Sumitomo Mitsui Financial Group, Inc. |