NORWALK, Conn.--(BUSINESS WIRE)--GE Capital, the financial services division of GE (NYSE:GE), said today that it has closed the sale of its GE Money Bank AB (Nordics) consumer finance business to Santander Consumer Finance S.A. The deal was announced on June 21, 2014.
“This sale is part of our overall strategy to focus GE Capital on our commercial portfolio with a goal of becoming 25% of GE’s overall earnings,” said Keith Sherin, chairman and CEO, GE Capital.
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