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GE Capital Acquires Credit Agricole Commercial Finance U.K.

General Electric Co.’s finance unit acquired the U.K. accounts-receivable financing unit of Eurofactor SA to expand its commercial and corporate lending business.

GE Capital is acquiring the business from part of France’s Credit Agricole SA for an undisclosed amount, the company said in a statement today. The U.K. unit provided about 3 billion pounds of funding to British companies in 2010, GE Capital said.