Sep. 1, 2015, 7:48 AM
- General Electric (NYSE:GE) has completed the previously announced sale of its U.S. fleet services business to Element Financial Corporation (OTC:ELEEF) in a transaction valued at approximately $5B.
- The sale of GE's Mexican, Australian and New Zealand fleet businesses to Element is expected to close at the end of Q3, while the sale of GE's European fleet businesses to Arval, a fully-owned subsidiary of BNP Paribas (OTC:BNPZY), is expected to close in Q4.
- Previously: General Electric sells off more GE Capital (Jun. 29 2015)
Apr. 28, 2013, 3:17 AM
Credit Suisse (CS) and Texas-based Lone Star Funds have agreed to pay €6.7B ($8.7B) to acquire the the assets of Royal Park Investments, a vehicle created in May 2009 to manage the toxic assets of Belgium's collapsed Fortis bank. The Belgian government, one of Royal Park's largest shareholders, will receive €1B, thereby allowing it to cut its debt by 0.2% of GDP. Fortis successor company Ageas, an insurer, will receive €1.04B. (PR)| Apr. 28, 2013, 3:17 AM