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GE Holds Talks With Sovereign Funds for Finance-Assets Sale, Bloomberg

April 20, 2015, 07:40 AM
Filed Under: Industry News

Bloomberg reported General Electric has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its lending business, Chief Financial Officer Jeff Bornstein said.

According to the Bloomberg report, GE and its advisers have spoken to sovereign funds in Europe -- including Norway’s $882 billion vehicle -- as well as the Middle East and Asia to gauge potential interest in the GE Capital assets, according to people familiar with the matter. A representative for the Norwegian fund declined to comment.

To read the full Bloomberg report, "GE Holds Talks With Sovereign Funds for Finance-Assets Sale", click here.

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