GE Mulls Colombian Bank Assets Sale

General Electric(GE) is in talks regarding the sale of its assets inColpatria Red Multibanca, Colombia’s seventh largest bank by assets,The Wall Street Journalreports. GE’s financial unit,GE Money, acquired a 49.7% stake in Colpatria in 2007 for about $286 million.

In September 2010,Eduardo Pacheco, who heads the bank, said it was considering buying GE’s stake. GE sold a bank in Central America in July to Colombian banking groupGrupo Aval Acciones y Valores, for $1.9 billion.

Click here for the story fromThe Wall Street Journal.