GE Says It Will Sell Transportation Financing Unit to BMO

September 10, 2015 9:41 PM

46 0

General Electric said Thursday it will sell its transportation financing unit as it continues to pare down its lending division to focus on its industrial businesses.

BMO Financial Group will buy the GE Capital division, which provides financing to equipment makers, dealers and users of medium- and heavy-duty commercial trucks and trailers.

Also read: KB Toys aims to fill the void of Toys 'R' Us

Read more

To category page