GE Capital sold to Wells Fargo in $32 billion deal

October 13, 2015 5:38 PM

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GE Capital sold to Wells Fargo in $32 billion deal

GE is returning to its primary business, manufacturing.

FAIRFIELD , Conn., Oct. 13 (UPI) -- In a $32 billion deal, General Electric Co. announced Tuesday it will sell the remainder of its commercial lending and leasing business to Wells Fargo & Co.

Also read: Einhorn's Greenlight Capital urges GM to create two share classes

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