MELBOURNE – General Electric is on the lookout for more acquisitions in Australia after its purchase of Wizard Home Loans, the company’s regional chief executive said on Sunday.
GE Money, a unit of U.S.-based General Electric Co. said on Wednesday it was buying Australian Financial Investments Group (AFIG), whose assets include Wizard Home Loans, Australia’s largest wholesale morgtage funder and mortgage originator.
GE Australia and New Zealand Chief Executive Steve Bertamini, also president of GE Capital Asia, said the company was acquisitive by nature and would look at more opportunities in the region.
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