GE acquiring finance unit of Transamerica.* GE acquiring finance unit of Transamerica--GE Commercial Finance, a division of General Electric Co., plans to acquire most of the commercial lending business of Transamerica Finance Corp from Aegon AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the world’s leading insurance companies ranked by market capitalization and assets. AEGON’s head office is in The Hague, the Netherlands. At the end of 2004, AEGON companies employed about 29,000 people worldwide. N.V., a Dutch insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. , for $5.4 billon bil·lon n. 1. An alloy of gold or silver with a greater proportion of another metal, such as copper, used in making coins. 2. An alloy of silver with a high percentage of copper, used in making medals and tokens. . To be purchased are Transamerica units that provide distribution financing for manufacturers and dealers of industrial, consumer and recreational products and leasing and commercial loan financing for equipment, real estate and international finance. |
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