GE buyout-lending unit draws interest from SunTrust, Apollo, Ares

April 24, 2015 8:58 PM

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April 24 (Reuters) - SunTrust Banks Inc, Apollo Global Management and Ares Management LP are considering offers for buying General Electric Co's unit that lends to private-equity firms in the United States, Bloomberg reported, citing people with knowledge of the matter.

GE is working with Citigroup Inc to sell the business, which is expected to be worth $10 billion, the face value of its outstanding loans, Bloomberg reported. (bloom.bg/1Pwxwqw)

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