General Electric continues downsizing GE Capital

|About: General Electric Company (GE)|By:, SA News Editor

General Electric (NYSE:GE) has completed its previously announced agreement to sell GE Capital's Commercial Lending and Leasing portfolios in Australia and New Zealand to Bain Capital Credit.

"We continue to make very good progress in reducing the size of GE Capital," said Keith Sherin, GE Capital chairman and CEO.

The transaction includes about $1.2B in ending net investment.

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