|
Initial bids for the unit which offers mortgages and business
loans to health-care providers were due June 18, Bloomberg
reported, citing people with knowledge of the matter. The next
round of bidding is due in early July.
Fairfield, Connecticut-based GE also received offers from Ares
Management LP and Ventas Inc, Bloomberg reported.
GE is working with JPMorgan Chase & Co on the sale and may
select a buyer by the end of July, Bloomberg said.
GE announced plans in April to sell $200 billion worth of
finance assets as it focuses on the manufacturing of industrial
products.
An Ares Management spokesman said the company's policy was to
not discuss any action it may or may not be contemplating.
The other companies could not be reached for comment outside
regular business hours.
(Reporting by Ismail Shakil in Bengaluru; Editing by Anupama
Dwivedi)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
