FAIRFIELD (dpa-AFX) - KKR & Co. (KKR) and Apollo Global Management are seeking to acquire General Electric Co.'s (GE) inventory finance arm, a unit with $11 billion in assets, Bloomberg reported citing people familiar with the matter.
The buyout firms made bids two weeks ago for GE Capital Commercial Distribution Finance. GE could select a buyer by the end of the month for the unit, which arranges credit for retailers and manufacturers, the report said.
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