CEO Jeffrey Immelt's plan to wind down its financing business, the company has agreed to sell its U.S. sponsored lending platform and a $3 billion loan portfolio to Canada Pension Plan Investment Board for $12 billion. The deal is expected to close in the third quarter, pending regulatory approval, the Fairfield, Conn.-based company said in a statement .
via http://www.thestreet.com/story/13179987/1/ge-reaches-55-billion-in-loan-portfolio-sales-with-canada-pension-deal.html
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