GE Completes Sales of $2 Billion European Sponsor Finance Business and $3.7 Billion Portfolio of Home Loans. Real Estate Closings Reach $30 Billion.

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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE [NYSE:GE] has completed the previously announced sale of its European Sponsor Finance business, representing aggregate ending net investment (ENI) of approximately US$2.1 billion, to Sumitomo Mitsui Banking Corporation Europe (SMBCE). GE has also closed the sale of a US$3.7 billion portfolio of loans from its UK home lending business to Kensington Mortgage Company Limited, a company controlled by Blackstone Tactical Opportunities and TPG Special Situation P

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