Business News • MarketWire • Element to Acquire GE Capital's Fleet Operations in the United States & Mexico and Australia & New Zealand for C$8.6 Billion

Element to Acquire GE Capital's Fleet Operations in the United States & Mexico and Australia & New Zealand for C$8.6 Billion

Element to Acquire GE Capital's Fleet Operations in the United States & Mexico and Australia & New Zealand for C$8.6 Billion

Sale of GE Capital's European Fleet Operations to Arval Strengthens the Element-Arval Global Alliance-- Expected ~20% accretion to annual EPS based on fully annualized synergies in the range of US$ 90 million to US$ 95 million--Related Arval transaction expands and strengthens the Element-Arval Global Alliance in Europe --Senior credit line increased from US$2.0 billion to US$8.5 billion and extended for a three-year term --Element's total assets to increase to C$21 billion

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