Deals
GE Nears U.S. Finance Exit With Asset Sales at $126 Billion
- Next up: finish divestiture of lending assets outside U.S.
- GE Capital sees disposals `substantially done' by end of 2016
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General Electric Co. is shifting its focus overseas after exiting almost all U.S. finance operations in a sweeping plan to return to its manufacturing roots.
With an agreement Tuesday to sell $32 billion in GE Capital assets to Wells Fargo & Co., this year’s divestitures now exceed $126 billion, GE said. The company will now try to unload about $60 billion of international assets, including large operations in France, Japan and Italy.