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                    [ArticleID] => 300059
                    [Title] => GE unit buys Keppel Bank-RP for P1.45B
                    [Summary] => The Keppel Group of Singapore has sold its 96.5 percent stake in Keppel Bank Philippines Inc. (KBP) to GE Consumer Finance (GECF), the global consumer lending unit of  General Electric Co., for P1.45 billion.


In a disclosure to the Philippine Stock Exchange, Keppel said it has reached agreement with GECF to sell its 23.406 million shares in KBP as part of its strategy to divest its non-core assets.


                    [DatePublished] => 2005-10-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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NEW YORK STATE BANKING DEPARTMENT

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                    [ArticleID] => 300059
                    [Title] => GE unit buys Keppel Bank-RP for P1.45B
                    [Summary] => The Keppel Group of Singapore has sold its 96.5 percent stake in Keppel Bank Philippines Inc. (KBP) to GE Consumer Finance (GECF), the global consumer lending unit of  General Electric Co., for P1.45 billion.


In a disclosure to the Philippine Stock Exchange, Keppel said it has reached agreement with GECF to sell its 23.406 million shares in KBP as part of its strategy to divest its non-core assets.


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abtest

GE unit buys Keppel Bank-RP for P1.45B

By Zinnia B. Dela Peña | October 5, 2005 - 12:00am

The Keppel Group of Singapore has sold its 96.5 percent stake in Keppel Bank Philippines Inc. (KBP) to GE Consumer Finance (GECF), the global consumer lending unit of General Electric Co., for P1.45 billion. In...

Business