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General Electric Selling Railcar Operations To Two Companies

General Electric Selling Railcar Operations To Two Companies

General Electric, which is effectively selling GE Capital assets to concentrate more activities on core industrial, reported two deals for railcar services operations which have been a piece of GE Capital. Company GE agreed to sell tank car assets and railcar repair offices to Marmon Holdings Inc., with a deal’s piece shutting on Wednesday and the rest slated for a final quarter shutting. Differentiated industrial association Marmon is a piece of Berkshire Hathaway Co. Company Wells Fargo & Co. will purchase the railcar business, a deal anticipated that would shut in 2016. Terms of the deals weren’t unveiled. In April,…

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