Element Financial to buy GE Capital's Canadian fleet portfolio for C$570 mln

Fri May 31, 2013 8:09am EDT
 
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May 31 (Reuters) - Element Financial Corp said it would buy the Canadian fleet portfolio of General Electric Co's financial arm for C$570 million to provide financing and management services in Canada and the United States.

GE Capital's Canadian fleet operations will be combined with Element's existing fleet management business, the companies said.