The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

GE to sell healthcare finance unit for US$9b

Published Wed, Aug 12, 2015 · 09:50 PM
Share this article.

London

GENERAL Electric Co said it would sell its US healthcare finance unit to credit card lender Capital One Financial Corp for about US$9 billion as it winds down its finance arm and returns to its industrial roots.

The deal, which includes the sale of healthcare-related loans worth US$8.5 billion, brings GE one step closer to achieving its target of shedding about US$100 billion worth of finance assets by the end of this year.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here