Deals Rumor Mill: GE, Hapag-Lloyd, Rokin, Jupiter Hotels

By Linda Chiem (September 4, 2015, 4:50 PM EDT) -- Several Japanese banks are among the bidders looking to snatch up General Electric Co.'s Japanese commercial finance operations, which are expected to sell for several billion dollars, as GE continues to make quick work of excising most of its GE Capital arm, The Wall Street Journal reported on Friday. Financial services group Orix Corp. and the leasing units of Sumitomo Mitsui Financial Group Inc., Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Trust Holdings Inc. are among those that submitted nonbinding bids for the business, according to the report. The Japanese commercial lending and leasing businesses have an asset value of about $5 billion and are a key part of GE Capital's Asia operations, the Journal said. The conglomerate is moving fast to divest most of the $500 billion in assets held by its GE Capital arm to focus on its industrial businesses. Its more recent deals have included shedding its health care financial services lending business to Capital One Financial Corp. for $9 billion in August and unloading its European buyout-lending unit to a Sumitomo Mitsui Banking Corp. subsidiary for $2.2 billion in June....

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