GE to Sell U.S. Sponsor Finance Business to Canada Pension Plan Investment Board

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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE:GE) announced today that it has reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at approximately $12 billion. “We are excited to announce this agreement to sell Sponsor Finance to CPPIB,” said Keith Sherin, GE Capital chairman and CEO. “This represents an important milestone as we continue to execute on our strategy to sell most

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