Date:25/12/2007 URL: http://www.thehindu.com/2007/12/25/stories/2007122555821600.htm

Business - Briefly

Merrill sells business to GE Capital

WASHINGTON: Merrill Lynch has agreed to sell most of its mid-market commercial finance business, Merrill Lynch Capital, to GE Capital, the two companies said Monday. Financial terms were not released, but GE Capital will pick up some $10 billion in assets and $five billion in commitments in the deal.