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.
