Independent journal on economy and transport policy
06:23 GMT+1
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General Electric signs agreements in order to yield the assets in the USA, Europe, Mexico, Australia, New Zealand of GE Capital Fleet Services
Possible cessions of the assets and the European activities to the Arval (BNP Paribas). The others assets will be acquired from the Canadian Element Financial Corporation
June 29, 2015
The American group General Electric (GE) has signed an agreement with the Canadian Element Financial Corporation in order to yield them for 6,9 billion dollars the assets in the USA and Mexico, Australia and New Zealand of GE Capital Fleet Services, division of the group American who takes care of the financing, sale and chartering of commercial vehicles and the relative services. Element Financial Corporation is one of the North American companies leader in the field of the financings in the field of the commercial vehicles, aviation, the rail shipment and the management of the fleets.
Moreover the GE group has undersigned an agreement for the potential sale of the asets European of the same division to the Arval, society integrally controlled from the French bank group BNP Paribas. Arval has specified that the acquisition project regards a park of 160 thousand motor vehicles situated in 12 European nations, of which three quarters in France, Germany and United Regno and assets for 2,4 billion euros, and will be able meaningfully to strengthen the fleet of the company with a presence of first floor in Europe and with a world-wide fleet of 900 thousand vehicles.
The cessions take part of the program of sale of assets for beyond 90 billion dollars announced 10th April from General Electric, of which about 40 billion dollars in the single United States.
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The American group General Electric (GE) has signed an agreement with the Canadian Element Financial Corporation in order to yield them for 6,9 billion dollars the assets in the USA and Mexico, Australia and New Zealand of GE Capital Fleet Services, division of the group American who takes care of the financing, sale and chartering of commercial vehicles and the relative services. Element Financial Corporation is one of the North American companies leader in the field of the financings in the field of the commercial vehicles, aviation, the rail shipment and the management of the fleets.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
