GE Capital Corp. has agreed to purchase an Australian commercial lending unit of Allianz SE (ALIZF) for an undisclosed sum, Bloomberg reported Wednesday.

The General Electric Co. (GE) finance unit will acquire Allianz Finance Pty, with a loan book of A$400 million ($415 million), the report said, citing a GE email.

Full story at http://www.bloomberg.com/news/2013-03-20/ge-capital-to-buy-allianz-s-commercial-lending-unit-in-australia.html

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