Deals
GE Buyout-Lending Unit Said to Interest SunTrust, Apollo, Ares
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SunTrust Banks Inc., Apollo Global Management and Ares Management LP are weighing offers for a General Electric Co. unit in the U.S. that lends to private-equity firms, people familiar with the matter said.
GE is working with Citigroup Inc. to sell the business, which could fetch more than $10 billion, which is the face value of its outstanding loans, said the people, who asked not to be identified because the matter is not public.