FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

GE Capital to Sell Australian Consumer Finance Arm for $6.3B, Reuters

March 16, 2015, 08:00 AM
Filed Under: Mergers & Acquisitions
Related: Ge Capital

Reuters reported that a consortium of private equity firm KKR & Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A$8.2 billion ($6.26 billion).

According to the Reuters report, the trio said in a statement on Sunday they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the major retailers in both Australia and New Zealand.

To read the full Reuters news story, click here.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.