GE Capital CEO sees asset sale pace speeding up in third quarter

"We’re going to pick up the pace in the third quarter," GE Capital Chief Executive Keith Sherin told Reuters in an interview. GE, which is shedding $200 billion in finance assets to focus on industrial manufacturing, earlier on Tuesday announced the $2.2 billion sale of its European private equity financing business to Japan's Sumitomo Mitsui Banking Corp. A day earlier, GE said it had agreements to shed its fleet management arm. Analysts have said the finance asset sales have garnered high deal prices so far, but it remains to be seen if future sales will realize the same value and allow GE to reap more than the $35 billion in proceeds it has targeted for share buybacks.

GE Capital CEO sees asset sale pace speeding up in third quarter source: http://finance.yahoo.com/news/ge-capital-ceo-sees-asset-162954911.html