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GE Completes Sale of U.S. Fleet Services Business to Element Financial Corporation

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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. fleet services business, representing aggregate ending net investment (ENI) of approximately $4.4 billion, to Element Financial Corporation (TSX:EFN) in a transaction valued at approximately $5 billion. Separately, the previously announced sale of GE’s Mexican, Australian and New Zealand fleet businesses to Element is expected to close at the end of the third quarter,

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