General Electric (GE) Tops Q2 EPS by 5c; adj.-Backlog Up 6%

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Go back to General Electric (GE) Tops Q2 EPS by 5c; adj.-Backlog Up 6%

GE Completes Sale of Equipment Finance and Receivable Finance Businesses in Germany and France to BFCM (Credit Mutuel Group)

July 20, 2016 12:00 PM EDT

Transaction Aligns with GEs Strategy to Create Simpler, More Valuable Industrial Company GE Capitals Completed Deals to Date Total Approximately US$168 Billion (ENI)

FAIRFIELD, Conn.--(BUSINESS WIRE)-- GE (NYSE: GE) announced today that it has completed the sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net investment (ENI) of approximately $6.8 billion / 6.1 billion as of first quarter 2016.

Were pleased to complete this... More