GE Completes Sale of Transportation Finance Lending Business

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General Electric (GE) Completes GE Capital, Transportation Finance Asset Sale (BMO)

December 1, 2015 6:56 AM EST

General Electric (NYSE: GE) has completed the previously announced sale of GE Capital, Transportation Finance in the U.S. and Canada, representing ending net investment (ENI) of US$8.7 billion or US$8.9 billion/C$11.9 billion of net earning assets, to BMO Financial Group (BMO).

Were pleased to sell our... More