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General Electric Seeks Turkish Factoring Company, Vatan Reports

General Electric Capital (GELK) is seeking to buy a Turkish factoring business in partnership with Mubadala Development Co. PJSC, Abu Dhabi’s sovereign investment company, Vatan newspaper reported.

The two companies are in talks with mid-sized Turkish factoring firms that aren’t partners with banks, the Istanbul- based newspaper said, citing an unidentified banker.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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