GE mulls portfolio carve-out from Bank BPH

The company is weighing several options for the sale of its majority stake in the Polish bank.

General Electric (GE) is mulling a full carve-out of a mortgage portfolio from the sale of its majority stake in Polish institution Bank BPH, a statement from the firm said. The mortgage portfolio would be comprised of foreign currency denominated assets.

The sale of the mortgage portfolio would not exclude a sale of the rest of the business as a going concern, a spokeswoman for the firm said.

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