GE Capital chief operating officer Bill Cary said that this is a good deal for GE, and furthers GE’s objective of reducing the overall size of GE Capital.
GE National Executive for Colombia and Venezuela Fabiola Sojet said the sale of its investment in Banco Colpatria is in line with GE’s global strategy of focusing investment on strengthening and consolidating its position in the industrial sector.
The transaction is subject to the customary regulatory approvals and the parties anticipate closing by 30 June 2011.
