GE Capital announced Thursday that it has agreed to sell its 49.77 percent stake in Banco Colpatria, a consumer and commercial bank based in Bogota, Colombia, to its joint venture partner.
The amount of the sale to partner Mercantil Colpatria SA wasn't disclosed.
GE Capital said the sale fits with its plan to reduce the size of the company, the lending arm of General Electric Co. Fabiola Sojet, GE national executive for Colombia and Venezuela, said the conglomerate wants to strengthen its investment in the industrial sector and will continue its presence in Colombia.
GE Capital said it expects the sale to be completed by June 30.
The amount of the sale to partner Mercantil Colpatria SA wasn't disclosed.
GE Capital said the sale fits with its plan to reduce the size of the company, the lending arm of General Electric Co. Fabiola Sojet, GE national executive for Colombia and Venezuela, said the conglomerate wants to strengthen its investment in the industrial sector and will continue its presence in Colombia.
GE Capital said it expects the sale to be completed by June 30.
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