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BRIEF-GE to sell Australia and New Zealand commercial lending and leasing portfolios to Sankaty Advisors

Published 09/11/2015, 06:05 pm
Updated 09/11/2015, 06:10 pm
© Reuters.  BRIEF-GE to sell Australia and New Zealand commercial lending and leasing portfolios to Sankaty Advisors
MS
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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

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