UPDATE 2-GE signs deal for maiden China bank investment

Newswire

(updates with new sourcing, details, comments from analysts) By George Chen SHANGHAI, Sept 29 (Reuters) - General Electric Co. is to pay $100 million for a 7.3 percent stake in China's smallest listed bank, sources close to the deal and a state newspaper said, marking its maiden investment in the country's financial industry. As part of the deal, General Electric's finance arm has signed an agreement with Shenzhen Development Bank that encompassed cooperation on credit cards and ...

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