The Traderszone Network

Published in TZ Latest News 26 June, 2015 by The TZ Newswire Staff

Canada’s Element Financial close to GE fleet asset purchase: sources

TORONTO/NEW YORK (Reuters) – Canada’s Element Financial (EFN.TO) is close to buying a large chunk of General Electric Co’s (GE.N) vehicle fleet-management business in a deal that could be sealed as early as the end of June, three sources familiar with the matter said on Friday. The sale would be part of a plan it unveiled in April to divest about $200 billion in GE Capital assets as it moves away from finance and focuses on manufacturing of industrial equipment.

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