GE to sell restaurant finance division

GE to sell restaurant finance division

Sale part of a broader effort to shrink company’s finance unit

General Electric Co. said Friday it plans to sell much of its finance unit, including the corporate finance division that oversees one of the largest lenders in the restaurant business.

The Connecticut-based company said it plans to create a “simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets.”

Such a sale is expected to include GE Capital, Franchise Finance, the Scottsdale, Ariz.-based division th

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