State Street would acquire the GE unit for $485 million



American creditor State Street has agreed to purchase units GE Asset Management at industrial conglomerate General Electric. It is reported that the cost of the transaction, completion of which is scheduled for the third quarter, $485 million in cash.

It should be noted that the amount of assets under management GE Asset Management currently amounts to over $100 billion, and the number of institutional clients exceeds 100.



State Street would acquire the GE unit for $485 million 31.03.2016

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