August 8, 2018 / 11:44 AM / 9 days ago

Starwood to buy a part of GE Capital's energy finance business for $2.56 billion

(Reuters) - Starwood Property Trust Inc (STWD.N) said on Wednesday it will buy a part of GE Capital’s energy finance business for $2.56 billion (1.98 billion pounds).

The deal, which is expected to close in the third quarter, will add to Starwood’s core earnings, the company said.

(This version corrects headline and first paragraph to say Starwood is buying a part of GE Capital’s energy finance services, not the entire unit)

Reporting by Sanjana Shivdas in Bengaluru

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