General Electric said it expects asset sales of more than $200 billion in the next 18 to 24 months as the firm plans to sell the majority of its GE Capital unit.
Its U.S. commercial lending and leasing unit is the largest planned sale at $74 billion. The company says its U.S. CLL unit has "over 1,450 direct originators and more than 260,000 customer and dealer relationships."
According to an investor presentation Friday, $26.5 billion of real estate transactions have already been announced. The firm said it is working to exit the remainder of its $35 billion real estate investments throughout 2015 and into 2016.
Going forward, GE Capital assets will represent about $90 billion, with only $40 billion in the U.S.
