A joint team of Slaughter and May(Frances Murphy/Michael Corbett), Bredin Prat (Kate Romain/Olivier Assant) 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$7.5bn / €6.6bn.

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.

The Hengeler Mueller team is led by partners Maximilian Schiessl and Wolfgang Meyer-Sparenberg and includes partners Christian Moeller (all M&A,Düsseldorf), Henrik
Bockenheimer (Labour), Christian Schmies (Banking) (both Frankfurt), Vera Jungkind (Regulatory, Düsseldorf), Martin Klein (Tax, Frankfurt) and Alf-Henrik Bischke (Competition, Düsseldorf) as well as associates Sonnhild Heinsch (Labour/M&A, Frankfurt), Tobias Keller, Robert Stiefelhagen, Tianyuan Zhuang (all M&A, Düsseldorf),
Sophie-Charlotte Bechtold, Jochen Schnepper (both Banking), Martin Mohr(Tax) (all Frankfurt) and Anja Balitzki (Competition, Düsseldorf).