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GE Capital Buys Credit Agricole Unit
GE Capital has bought Credit Agricole Commercial Finance U.K.
GE Capitalhas boughtCredit Agricole Commercial FinanceU.K.,Bloombergreports. The purchase will help the finance unit ofGeneral Electricexpand its commercial and corporate lending business.
The firm, which is part of Credit Agricole, provided about £3 billion of funding to U.K. companies in 2010. The financial details of the acquisition have not been disclosed.
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