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Sumitomo Mitsui Said to Buy GE’s Europe Buyout-Funding Unit

By Tony Seruga

General Electric Chairman and CEO Jeffrey Immelt Jeffrey Immelt, chairman and CEO of General Electric Co., in Washington, D.C., U.S., on June 17, 2015. Photographer: Pete Marovich/Bloomberg

Sumitomo Mitsui Financial Group Inc. is near an agreement to buy General Electric Co.’s European buyout-lending unit for more than $2 billion, a person with knowledge of the matter said.

An announcement may come as soon as Tuesday, the person said, asking not to be named as the deliberations are private. Takashi Morita, a spokesman for Sumitomo Mitsui’s main lending arm, said nothing specific has been decided…

Sumitomo Mitsui Said to Buy GE’s Europe Buyout-Funding Unit

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