Shinsei Bank to acquire GE’s consumer finance business
Acquisition of High-Quality Business to Redefine Consumer Finance Industry in Japan
Shinsei Bank announced that it has signed an agreement with GE Japan Holdings, the consumer financial services unit of General Electric Company, to acquire its high-quality Japanese consumer finance business, GE Consumer Finance Co.
Ltd., and its subsidiaries for an all cash consideration of 580 billion yen from internal funding sources. –www.theasianbanker.com (July 14 2008)–