General Electric Company (NYSE:GE) Is Playing Off the Hook

General Electric is taking a major stride in the history of the corporate sector.

General Electric Company is said to be selling its assets in the real estate world that worth $30 billion. The reason behind this massive sell-off is that the company already has a massive finance business which has always yearned substantial revenues for them. However, their massive portfolio has always been associated with risk among those who have invested in them, therefore, the company now wishes to facilitate all those who have invested in General Electric stocks.

The company has collaborated with the private equity company, Blackstone Group, as well as Wells Fargo, to sell off a chunk of its portfolio that has a worth of $26 billion. This involves the investment the company has made in buildings, mega ventures like shopping malls, and other property owned for commercial purposes across the globe reported individuals familiar with the matter.

The deal will be signed soon and will be a major breakthrough in the financial world since it is said to be one of the largest financial deal ever. To add more to this, the top leadership at General Electric are there to see how a massive chunk of the company will be separated from them. This deal is quite similar in nature to the company previous electrical appliance deal which was also so massive.

However, GE has ensured that the company will continue its operations in the aircraft leasing, health care financing, and energy sector. Moreover, the company will also offer services in industrial operations. The company is also dealing with a strategic shift in strategy where officials have also gathered to observe the company’s big businesses like commercial lending sell off in case they get the right bargain in terms of prices as well as clearance from regulatory bodies to do so.

These are some of the massive steps taken by a big finance tycoon. It is still uncertain why would a profit making organization sell its services that were already streaming in revenues for them. General Electric stock price has been stable for a fairly long span of time, therefore, the decision seems to be extremely surprising for an organization that is not new to the dynamics of the corporate sector.

However, a company at big as GE what is actually good or bad for them so the decision will n ot be as foolish as many might perceive it to be. Whatever the case might be, nobody can deny the magnitude of this deal as the entire corporate sector has never embraced a deal of such nature where assets worth billions are being sold.