GE Capital Marks Reaordeing of US Finance

April 12, 2015 9:03 PM

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First, the spin-off of Synchrony Financial, a private-label credit card business and consumer finance company. GE floated it last year at more than $19bn and it is now trading with a market value of $25bn.

Second, about twice book value, GE managed to sell, last year an Australian consumer finance business to a KKR-led consortium for A$8.2bn. Third, GE received a flurry of confidential enquiries, mainly from private equity groups, about its remaining businesses, which include a middle-market lending p...

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