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Buyout firms said to have bid two weeks ago for lender
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Unit is among four said to have been considered for group sale
KKR & Co. and Apollo Global Management are seeking to acquire General Electric Co.’s 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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