UPDATE 1-GE to sell Australia, NZ commercial lending portfolio to Bain affiliate

November 9, 2015 8:31 AM

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* Media reports put value of deal at $1.3 billion (Adds company comment, reported value of the deal)

SYDNEY, Nov 9 (Reuters) - GE said on Monday it had agreed to sell GE Capital's commercial lending and leasing portfolios in Australia and New Zealand to Sankaty Advisors, the global credit affiliate of Bain Capital.

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