ELEMENT TO ACQUIRE GE CAPITAL'S FLEET BUSINESS
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