The 126-year-old industrial conglomerate has been divesting assets worth billions from its GE Capital unit since 2015 to focus on jet engines, power plants and renewable energy. The agreement with Starwood also includes the transfer of a team of employees, GE Capital said. The deal, expected to close in the third quarter, will add to Starwood’s core earnings, the real estate investment trust said. …read more
Source:: Yahoo Finance
