|
CIT Group to sell home lending business for $1.5 billion cash, manufactured housing for $300M (Minne |
|
|
|
|
Written by Webmaster
|
|
Thursday, 03 July 2008 |
|
More info...
NEW YORK - Commercial finance firm CIT Group says it will sell its home lending business to Lone Star Funds for $1.5 billion in cash plus $4.4 billion of assumed debt.
CIT Group sells home lending business (ShareCast via Yahoo! UK & Ireland Finance)
Middle-market US finance company CIT Group is to offload its loss-making home lending business and manufactured housing portfolio to concentrate on commercial finance.
Home Business Share Your Opinion. (0 posts)
|
|
Last Updated ( Thursday, 03 July 2008 )
|
