GE near deal to sell $30B real estate portfolio

April 9, 2015 9:51 PM

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Private equity firm Blackstone Group and Wells Fargo are close to a deal buy a real-estate portfolio valued at a whopping $30 billion from General Electric, according to a person with knowledge of the deal.

An agreement on the transaction -- part of GE's bigger plan to return to basic manufacturing -- could be reached as soon as Friday, said the person, who asked not to be identified because the deal is not yet public.

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