GE Releases 2006 Citizenship Report, ''Solving Big Needs''; Theme Emphasizes Size as an Advantage in Helping Meet Global Needs
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Corporate Communications
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Please click here to read the rest of the press release, in English
Corporate Communications
[email protected]
business unit
tags
STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance (GECF), the global consumer lending unit of the General Electric Company (NYSE: GE - News), announced today it has reached an agreement to acquire a majority interest in Keppel Bank Philippines (KBP) for US$25.8 million. The transaction, which was made through GECF's affiliate, GE Capital International Financing Corporation, is subject to regulatory approvals. Upon closing, GECF will assume operational control of the bank.