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GE 'in talks' with Element on fleet assets sale

Published Wed, May 27, 2015 · 09:50 PM
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Toronto

GENERAL Electric Co, working to reduce dependence on its finance unit, is in advanced talks to sell assets in the US$9 billion vehicle fleet-management business to Element Financial Corp, people familiar with the matter said.

No deal has been reached yet with Toronto-based Element, and the discussions may still fall apart, said the sources. GE hopes to come to terms on …

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