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GE Said to be Running Ahead of Schedule on Sale of Assets, Bloomberg

May 21, 2015, 07:10 AM
Filed Under: Industry News

Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.

The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he expects to reach deals this quarter to sell as much as $30 billion of financial businesses.

The Bloomberg report also notes that the goal of divesting about $200 billion of assets will be largely met next year, beating a previous target of 2017.

To read the full Bloomberg report: GE Sees $100 Billion of Finance Sales to Beat 2015 Target

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