GE (GE) has reportedly attracted plenty of interest for its 25.3%, $1.5B holding in Thailand's...


GE (GE) has reportedly attracted plenty of interest for its 25.3%, $1.5B holding in Thailand's Bank of Ayudhya, with Japan's Mitsubishi UFJ Financial (MTU) among those making first-round bids. GE acquired a 33% stake in Bank of Ayudhya in 2007 for $626M, but sold 7.6% in September for for $466M, indicating the conglomerate will make a healthy return on the investment.
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Comments (2)
  • maudie
    , contributor
    Comments (488) | Send Message
     
    Who purchased the 7.6% stake for $626M, HPQ?
    29 Nov 2012, 08:45 AM Reply Like
  • glssmrbl
    , contributor
    Comments (1301) | Send Message
     
    what an amazing return! at least GE now see these financials as investments instead of acquisitions. wish i could invest with GE like that.
    30 Nov 2012, 08:05 PM Reply Like
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