GE to Explore Sale of GE Asset Management to Another Leading Investment Management Firm

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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE [NYSE:GE] today announced it will explore opportunities to sell GE Asset Management (GEAM) - the Company’s asset management arm - to another leading investment management firm. GE will seek buyers that possess considerable experience managing retirement plan assets, as well as scale and broad distribution capabilities to support continued growth of GEAM’s third-party client base. An independent fiduciary will be appointed to review the transaction. The inde

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