GE mulls options for BPH Bank sale

General Electric Company, the majority shareholder of Bank BPH, is continuing a review of strategic options in connection with the sale of its majority stake in Bank BPH. As part of this process, GE is exploring several potential transaction structures, including a full carve-out of the Bank BPH foreign currency denominated mortgage portfolio from the sale, the company informed in a statement. GE has already hired advisers and informed the financial watchdog KNF. The transaction follows the company's plan to sell off most of its GE Capital businesses over the next two years.