Financial services group Orix, Sumitomo Mitsui Financial’s leasing units, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Trust Holdings are some of the firms that submitted non-binding bids, reported The Wall Street Journal citing sources familiar with the matter.
Bidders will value the assets of GE’s commercial lending and leasing business in Japan, in the cming weeks.
GE has been offloading its finance operations, to focus on manufacturing businesses.
In August, Goldman Sachs Group has agreed to purchase GE Capital Bank’s online deposits platform along with $16bn in deposits.
In March, a consortium, including Värde Partners, KKR and Germany’s Deutsche Bank, purchased GE Capital’s consumer lending business in Australia and New Zealand for A$8.2bn ($6.2bn).
Image: The bidders will estimate the value of GE’s financial assets in Japan, in the coming weeks. Photo: courtesy of David Castillo Dominici / FreeDigitalPhotos.net.
