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GE in Talks With Element on Sale of Fleet Assets, Bloomberg

May 27, 2015, 07:20 AM
Filed Under: Industry News

GE said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter.

Quoting the people, the Bloomberg report said that no deal has been reached yet with Element, and the discussions may still fall apart. GE hopes to come to terms on a sale of the operations by the end of the quarter.

To read the full Bloomberg report, click here.

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