Tag: GE

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  • Electrolux deal wtih GE falls through

    Electrolux Shares Plummet After GE Deal Falls Through

    Shares at Electrolux are down more than 10% in early Monday morning trading after a $3.3 billion deal to buy General Electric’s appliance business failed to move forward. Electrolux announced the deal in Autumn 2015. The company said its largest acquisition to date would double its sales in the United States, and allow it to […]

  • General Electric and sales of commercial lending business in Germany and France

    GE Is Selling Its Commercial Lending Business In Germany, France

    GE said on Thursday it had signed a memorandum of understanding with Banque Federative du Credit Mutuel for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany. The transaction, which is still subject to regulatory approval and anti-trust examinations, would end a net investment of $7.5 billion for the […]

  • GE selling financial unit in Japan

    Two Companies Are Bidding On GE’s Japanese Commercial Lending Business

    General Electric’s Japanese commercial lending business is still up for sale and there are two serious bidders left in the process. A report from The Wall Street Journal reports that several people close to the situation believe the deal will be closed between one of two companies. The leasing arm of Sumitomo Mitsui Financial Group […]

  • India Railways

    GE To Build 1000 Trains For Sprawling India Transportation System

    General Electric has landed a $2.6 billion contract to build 1,000 diesel locomotives for India. The company will build a $200 million manufacturing facility in Bihar, the country’s third largest city. The 11-year deal will also see the company form a joint partner ship with Indian Railways. “This infrastructure project is further evidence of India’s […]

  • Emirates Airlines

    Emirates And GE Sign $16 Billion 777x Contract

    Dubai’s Emirates airlines on Monday announced a $16 billion service contract agreement with General Electric’s aviation unit. The deal covers GE engines which power the airline’s 777x fleet. The $16 billion contract will include maintenance, repair and overhaul (MRO) of the GE9X engines that will power the airline’s fleet of 150 Boeing 777X aircraft over […]

  • General Electric and Wells Fargo 30 billion dollar deal

    GE Selling Its Lending And Leasing Business To Wells Fargo For $32 Billion

    General Electric is selling the largest remaining chunk of its U.S. financial services business to Wells Fargo. While financial information from the deal was not released, it is believed the company will sell $32 billion of assets and transfer approximately 3,000 employees from GE Capitals global commercial distribution finance, North American vendor finance and corporate finance […]