November 2004
Investment Dealers' Digest;11/29/2004, Vol. 70 Issue 46, p50
Trade Publication
This article presents information related to investment banking in the U.S. GE Commercial Finance agreed to buy Citigroup Inc.'s trucking finance business for $4.4 billion in cash. CitiCapital's Transportation Financial Services Group provides the commercial trucking industry with financing, leasing and asset-based lending. Citi expects a $90 million gain on the deal. GE plans to use its transportation finance know-how to grow the portfolio. Airbus is waiting for a green light from parent EADS to launch a new aircraft to rival Boeing's 7E7 "Dreamliner."


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