Nov 9 (Reuters) - GE GE.N :
* To sell Australia and New Zealand commercial lending and leasing portfolios
to Sankaty Advisors
* Says terms of the transaction were not disclosed
* Says agreement to sell GE capital's commercial lending and leasing portfolios
in Australia and New Zealand
* Says transaction will complete GE Capital exit from Australia and New Zealand
* Fourth GE Capital sale in region this year for total of approximately
us$9/a$12.6 billion in ending net investment
* Deal to contribute about $0.1 billion of capital to overall target of about
$35 billion of dividends expected to be paid to GE under disposition plan
* Says transaction for the commercial lending and leasing portfolios is
expected to close in the fourth quarter
* Morgan Stanley (N:MS) provided financial advice and King & Wood Mallesons and Minter
Ellison provided legal advice
* Source text for Eikon ID:nBwBVCWha
* Further company coverage GE.N