Mubadala GE Capital says to sell most assets to Chicago's Midcap Finco

October 1, 2015 8:04 AM

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DUBAI Oct 1 Mubadala GE Capital, a joint venture between Abu Dhabi state fund Mubadala and General Electric's finance business, said on Wednesday it had agreed to sell most of its assets including those held through subsidiaries.

Mubadala GE Capital had been evaluating its future structure since GE annnounced plans in April to sell off most of GE Capital and become a simpler industrial business.

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