The Traderszone Network

Published in TZ Latest News 7 June, 2015 by The TZ Newswire Staff

GE close to selling private equity lender to top Canada pension fund

General Electric Co is nearing an agreement to sell its private equity lending unit to the Canada Pension Plan Investment Board, Canada’s biggest pension fund, according to a source familiar with the matter. GE and the CPPIB are aiming to sign the deal Monday, the Wall Street Journal first reported on Sunday, citing people familiar with the matter. Officials at GE and CPPIB did not immediately respond to requests for comment.