Baker & McKenzie, Sullivan & Cromwell and Nagashima Ohno & Tsunematsu are having the lead roles on a $4.8 billion deal that will see Japan’s Sumitomo Mitsui Financial Group Inc. acquire General Electronic Co.’s leasing business in the country.
Through a subsidiary, Sumitomo Mitsui Financial and Leasing Co. Ltd., the Tokyo-based holding company of Japan’s second largest lenders Sumitomo Mitsui Banking Corp., is acquiring 100 percent of GE’s automotive, equipment and asset leasing business in Japan.
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