GE Pays $1.1 billion for Control of Sanyo Credit

http://www.insidearm.com/news/00013639-ge-pays-11-billion-for-control-of-sanyo-c/

General Electric Co. – the world’s second largest company in terms of market share — paid 126.3 billion yen ($1.1 billion) for 97 percent of Japanese leasing company Sanyo Electric Credit Co.

That works out to about 3,250 yen a share to buy control of Sanyo Credit to increase office-equipment leasing and lending to small companies in Japan.

GE is focused on Japanese lending after the government tightened consumer credit rules and limited the interest that can be charged.

GE Pays $1.1 billion for Control of Sanyo Credit

Unknown Author

Featured Resources

Webinars

About