Skip to content
Subscriber Only

After $12 Billion Deal, GE Prepares for Next Wave of Sales

Bloomberg business news

General Electric Rushes to Exit Financial Division

Updated on

General Electric Co. is trying to sell its foreign buyout lending and health-care finance units quickly after reaching a $12 billion deal to unload U.S. assets in a push to re-emphasize manufacturing.

The two businesses are the biggest sale priorities as the company looks to soothe anxious customers and staff, GE Capital Chief Executive Officer Keith Sherin said Tuesday in a telephone interview. GE is in talks with “dozens” of prospective buyers as it sheds the bulk of the banking operations, he said.