GE Completes Sale of 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 completed the previously announced sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing aggregate ending net investment (ENI) of approximately $10 billion, to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at more than $11 billion. “We are excited to complete the sale of Sponsor Finance to CPPIB,” said Keith Sherin, GE Capital chairman and CEO. “As one of the first majo

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