GE Selling Some Fleet Businesses to Element for $6.9B

June 29, 2015 11:15 AM

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General Electric Co. is selling its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corp. for $6.9 billion.

GE Capital Fleet Services provides commercial car and truck financing and fleet-management services. GE recently announced it would sell most of GE Capital over the next two years for about $26.5 billion.

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