Reuters reported that in an interview, GE Capital CEO Keith Sherin said he expects the pace of GE Capital asset sales will accelerate in the third quarter as GE eyes unloading an even bigger chunk of assets.
Reuters noted, according to analysts, the finance asset sales have garnered high deal prices so far, but it remains to be seen if future sales will realize the same value and allow GE to reap more than the $35 billion in proceeds it has targeted for share buybacks.
Reuters said Sherin reaffirmed GE’s earlier goal to close deals for $100 billion in assets this year. The company has announced buyers for $68 billion in assets thus far, Reuters said.
Click here to access to Reuters report on GE Capital.