Daily News: April 21, 2015

GE Holds Talks with Sovereign Funds for Finance Assets Sale

Bloomberg reported General Electric has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its lending business, CFO Jeff Bornstein said.

Bloomberg said further GE and its advisers have spoken to sovereign funds in Europe, including Norway’s $882 billion vehicle &mdash’ as well as the Middle East and Asia, to gauge potential interest in the GE Capital assets, according to people familiar with the matter.

To read the entire Bloomberg article, click here.