GE Will Sell its Commercial Lending and Leasing Units to Wells Fargo in the Largest Deal to Date

GE’s journey to exit the banking sector and transform itself into the world’s largest digital industrial company crossed a major milestone today when the company announced it signed an agreement to sell financial assets valued at $30 billion to Wells Fargo & Co.
This is the largest deal yet since last April, when GE said it would sell the majority of GE Capital’s holdings.

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