$11b Bid
World Economy

$11b Bid

KKR & Co. and Apollo Global Management are seeking to acquire General Electric Co.’s inventory finance arm, a unit with $11 billion in assets, as the company retreats from banking, people familiar with the matter said, Bloomberg reported. The buyout firms made bids two weeks ago for GE Capital Commercial Distribution Finance, said the people, who asked not to be identified because the negotiations are private. GE could select a buyer by the end of the month for the unit, which arranges credit for retailers and manufacturers, the people said. The business is among a batch of four commercial lenders with a combined $40 billion in assets that GE began auctioning in June.

Short URL : https://goo.gl/NvlRDF
  1. https://goo.gl/b5RR6q
  • https://goo.gl/tmeH3v
  • https://goo.gl/rm0M2a
  • https://goo.gl/6qjtKO
  • https://goo.gl/HE8B4E

You can also read ...

Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...
Farnborough Airshow Announces $192b in Orders
England’s Farnborough airshow this week saw deals worth $192...