ABU DHABI: Mubadala GE Capital, a joint venture between the Abu Dhabi state-owned fund and General Electric’s finance business, is evaluating options for the future structure of the company, a spokesman said.
Three sources with knowledge of the matter said the joint venture was studying options in the wake of the US conglomerate’s decision to exit most of its GE Capital operations.
Two of the sources said Mubadala was actively seeking buyers for GE Capital’s shares in the joint venture.
“We are in the process of evaluating a range of options for the future structure of the business,” a spokesman for Mubadala GE Capital said.
Mubadala GE Capital, set up in 2009 as a 50/50 venture to invest globally in GE Capital-originated commercial finance assets, reported assets of $5.5 billion at the end of 2014, up from $4 billion in 2013.
Mubadala seeks buyers for GE Capital stake
