GE To Sell $4.6B French Consumer Credit Unit To Cerberus

By Joyce Hanson (June 23, 2016, 12:37 PM EDT) -- Private equity firm Cerberus Capital Management LP has offered to buy $4.6 billion French consumer finance business GE Money Bank in a deal that signals yet another transaction aligning with GE Capital Corp.'s plan to slim down and exit the financial services sector, GE said Thursday....

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