A joint team of Slaughter and May, Bredin Prat and Hengeler Mueller lawyers is advising GE on the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net investment (ENI) of approximately US$7.5 billion / EUR 6.6 billion.

The proposed transaction will be submitted to the relevant works councils for their information and consultation. The completion of the transaction would also be subject to customary regulatory and antitrust approvals.

CONTACTS

Corporate: Frances Murphy (partner), Michael Corbett (partner), Nicholas Pacheco (associate), Louise Campbell (associate), Anant Prakash (associate), Richard Batstone (associate); Tax: Mike Lane (partner), Emma Game (associate), Sarah Osprey (associate); Real Estate: John Nevin (partner), Oliver Moir (associate); IP/Technology: Rob Sumroy (partner), Duncan Blaikie (associate), Emma Haywood (associate); Competition: Claire Jeffs (partner), Rosy Cheetham (associate); Pensions and Employment: Charles Cameron (partner), Katie Lewis (associate)

Bredin Prat: Corporate: Kate Romain (partner), Olivier Assant (partner)

Hengeler Mueller: Corporate: Wolfgang Meyer-Sparenberg (partner), Maximilian Schiessl (partner)