(Reuters) - Starwood Capital Group and Apollo Global Management (APO.N) have submitted offers to buy an aircraft-financing business owned by General Electric Co (GE.N) that could be valued at about $4 billion, Bloomberg reported on Tuesday, citing people familiar with the matter.
GE is working with advisers as it explores a possible sale of PK AirFinance, a unit of the company's broader aircraft-leasing business known as GECAS, and has received interest from potential suitors, some of which have advanced into the next round of bidding, according to the report. (bloom.bg/2M9iZI6)
Starwood Capital declined to comment, while GE and Apollo Global were not immediately available to Reuters’ requests for comment.
Reporting by Shanti S Nair in Bengaluru; Editing by Anil D'Silva
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July 24, 2019 at 04:41AM
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