The Wall Street Journal reports General Electric Co. is putting its $5 billion Japanese commercial finance operation, a key piece of GE Capital’s Asia operations, up for sale according to people familiar with the situation.
According the The Wall Street Journal report, potential bidders for GE’s Japanese commercial lending and leasing operation are expected to include Japan’s largest financial institutions, Mitsubishi UFJ Financial Group Inc.’s leasing unit and Sumitomo Mitsui Financial Group Inc., according to people familiar with the situation.
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