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General Electric/Transamerica  Media

M/03/028

Completed

Transaction details

Proposal whereby General Electric Capital Corporation would acquire most of the worldwide commercial lending business of Transamerica Finance Corporation.
Case details
  • Notification date:3 September 2003
  • Publication date:3 September 2003
  • Economic sector:Financial and insurance services - L
  • Economic sub-sector:Financial services (non-insurance) - L.64
  • Outcome:Cleared
Documents
Timetable

Phase One

  • Thursday, 4 September, 2003 Notification received
  • Wednesday, 17 September, 2003 Third party submission deadline
  • Thursday, 2 October, 2003 Determination issued
Parties Involved

General Electric

Diversified industrial corporation, provides financing to businesses and arranges financial services and products worldwide.

 

Transamerica

Provides commercial financing in the form of distribution financing for manufacturers and dealers, as well as equipment financial services and specialty finance.

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