GE Capital Divests Japan Leasing Business to Sumitomo Unit
General Electric Company GE inked a definitive agreement to sell its commercial lending and leasing business in Japan to the leasing arm of Sumitomo Mitsui Financial Group SMFG for about $4.8 billion. Sumitomo Mitsui Finance and Leasing — one of Japan's largest leasing companies — will acquire GE's commercial lending and leasing business in Japan, including capital finance, fleet service and vendor finance. The total assets sold are worth about $4.2 billion […]