GE to Sell Transportation Finance Unit to BMO Financial Group
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General Electric (GE) Will Sell GE Capital, Transportation Finance Unit to BMO Financial
September 10, 2015 4:44 PM EDTGeneral Electric (NYSE: GE) has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).
With the sale of our Transportation Finance business to BMO, we have again found a buyer with a customer centric culture who is committed to the industry and growing this business with the help of our tenured and experienced team, said Keith Sherin, GE Capital chairman and CEO. We continue to execute on our asset sales... More
