GE plans IPO for Czech banking business

25 Apr, 2016

General Electric plans to float shares of its Czech Republic retail banking business on the Prague Stock Exchange in the biggest IPO in central Europe since 2011, GE announced Monday. GE Capital plans to sell a majority of shares in GE Money Bank to institutional investors. The move is part of GE's efforts to streamline GE Capital and focus on industrial operations, the company said.

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