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ELEMENT TO ACQUIRE GE CAPITAL'S FLEET BUSINESS

June 29th, 2015

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia, and New Zealand for $6.9 billion.

Separately, GE signed a provisional agreement with Arval, a subsidiary of BNP Paribas, to sell the European portions of the business. GE Capital's fleet business....READ MORE

 

 

Source: Work Truck Magazine