General Electric Co. agreed to sell the bulk of its vehicle fleet-management business to Canada’s Element Financial Corp. for $6.9 billion as the U.S. company accelerates the disposal of finance operations.

The annoucement comes shortly after GE agreed to sell its private equity lending business, GE Antares, to Canada Pension Plan Investment Board for $12 billlion. 

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.