FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE:GE) announced today that Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) has made an agreed offer to acquire GE’s European Sponsor Finance business for approximately US$2.2 billion. The business is a leading provider of sponsor finance for European mid-market, private-equity backed transactions. “As GE Capital continues to execute on its strategy to sell most of the as
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