June 29 (Reuters) - Japan’s Sumitomo Mitsui Banking Corp is nearing a deal to buy General Electric Co’s European private-equity finance unit, a source with direct knowledge of the matter told Reuters.
The Japanese bank is expected to pay more than $2 billion for the unit, the person said.
The deal was first reported by the Wall Street Journal, which said it could be announced as soon as Tuesday. (on.wsj.com/1Km2vnD)
A GE spokeswoman said the company does not comment on rumors or speculation. A Sumitomo Mitsui spokesman said nothing specific has been decided. (Reporting by Rama Venkat Raman in Bengaluru and Taiga Uranaka in Tokyo; Editing by Anupama Dwivedi)