Kawai Musical Instruments Mfg. Co., Ltd. (Referred to hereinafter as Kawai; Head office: Hamamatsu City, Shizuoka Prefecture; President: Hirotaka Kawai) and GE Capital Consumer Finance Corporation (referred to hereafter as GE Capital Finance; Head office: Meguro-ku Tokyo;
President & CEO: Taketo Yamakawa) today reached agreement on terms under which Kawai will sell the sales finance business of its consolidated subsidiary Kawai Assist Co. Ltd. to GE Capital Finance in an asset transaction.
GE Capital to Acquire Time Retail Finance From Kingfisher PLC And Enter Into Agreements With Their Leading UK Retailers - B&Q And Comet LONDON--January 28, 2002--GE Capital, the financial services arm of the General Electric Company, announced today that its Global Consumer Finance division will acquire Kingfisher plc's in-house finance operation, Time Retail Finance, for (pound)149 million (based on the balance sheet of 31st January 2001).
