15-03-15 19:37 pm – Source: Reuters
Deutsche Bank headquarters in Frankfurt. © ap
Deutsche Bank has a major battle beaten in Australia. Together with investors KKR and Varde the bank takes the credit activities of General Electric (GE) in that country. The acquisition price is converted approximately 6 billion.
That made the parties announced Sunday. It is one of the largest venture capital-financed takeovers ever in the region. Deutsche Bank gets there by the transaction at a stroke more than three million customers in Australia and New Zealand.
GE is working on its activities in the field of lending to divest to consumers. The US industrial group last year released its US lending division to the fair, and sold well similar business units in Switzerland, Sweden, Denmark and Norway.
During the financial crisis brought the leningentak GE in big trouble. Partly for this reason the company focuses on its core business, although still credits provided to industrial customers.
GE’s products include power plants, wind turbines, aircraft engines, locomotives and products for the oil and gas industry. The company is a competitor of Philips in the field of medical equipment and lighting.
No comments:
Post a Comment