GE Completes Sale of European Fleet Services Business to Arval

FAIRFIELD, Conn. – November 4, 2015 – GE (NYSE: GE) announced today that it has completed the previously announced sale of its European fleet services business, representing aggregate ending net investment (ENI) of approximately $2.8 billion, to Arval, a fully owned subsidiary of BNP Paribas. “We are pleased to complete the sale of our European fleet services business to Arval,” said Keith Sherin, GE Capital chairman and CEO. “It is another important step as we continue to execute on our plan to sell most of the assets of GE Capital.”

from GE Capital: Fleet Services http://ift.tt/1MH3d2E

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