Deals
GE Raises $462 Million From Selling 7.6% of Bank of Ayudhya
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General Electric Co. sold a 7.6 percent stake in Thailand’s Bank of Ayudhya Pcl to institutional investors and said it is reviewing “strategic” options for its remaining 25 percent stake.
GE raised about $462 million in the stake sale, said a person with knowledge of the matter who asked not to be named because the information isn’t public. Including brokerage fees, the shares were sold at 31.46 baht each, the person said. GE Capital is studying options for its remaining stake, the company said in an e-mailed statement today.