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GE Sell-Off Continues With Shedding Of Italian Banking Unit

By Matthew Perlman (July 28, 2016, 3:59 PM EDT) -- General Electric Co.'s program to prune down its financial arm, GE Capital, and refocus on its industrial roots continued Thursday, as the company said it has agreed to sell its Italian merchant banking unit, GE Capital Interbanca Group, to Banca IFIS in a deal it values at $3.7 billion....

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