GE to Sell Shares in GE Capital Interbanca to Banca IFIS
July 28 2016 - 2:34AM
Dow Jones News
By Manuella Mesco
MILAN--GE and Banca IFIS SpA (IF.MI) said Thursday they reached
an agreement to sell GE's shares in GE Capital Interbanca SpA to
the Italian banking group.
Banca IFIS said that the agreed price of the transaction, which
includes also employees, is 160 million euros ($177 million).
The deal, which is expected to close around the end of the year,
represents an ending net investment of $3.7 billion at the end of
the first quarter of 2016, GE said.
Write to Manuela Mesco at manuela.mesco@wsj.com
(END) Dow Jones Newswires
July 28, 2016 02:19 ET (06:19 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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