Custom Fleet, the Australian fleet leasing and management division of GE Capital, and FleetCor Technologies, Inc., a global leader in fuel card payment technology and program management, today announced a long term arrangement to provide an enhanced fuel card offering in Australia.
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Australia, 21 March 2013: GE welcomes the Australian Government's commitment to stabilise the bipartisan 2020 Renewable Energy Target (RET).
GE Renewables Asia-Pacific Leader, Peter Cowling, said the Government's commitment to implement the Climate Change Authority's findings - including the 41,000GWh 2020 Large-scale RET as passed by both Houses before the last election - would provide investment certainty and drive downward pressure on wholesale electricity prices.
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GE Capital Australia's Commercial Finance business has entered into an agreement to acquire the business of Allianz Finance Pty Ltd, Allianz Australia's $400 million debtor finance book.
The acquisition will increase GE Capital's Commercial Finance client base, and deliver greater scale and geographic diversity for its asset-backed lending portfolio.