IF Banca IFIS Spa

  By Manuella Mesco 
 

MILAN--GE and Banca IFIS SpA (IF.MI) said Thursday they reached an agreement to sell GE's shares in GE Capital Interbanca SpA to the Italian banking group.

Banca IFIS said that the agreed price of the transaction, which includes also employees, is 160 million euros ($177 million).

The deal, which is expected to close around the end of the year, represents an ending net investment of $3.7 billion at the end of the first quarter of 2016, GE said.

Write to Manuela Mesco at manuela.mesco@wsj.com

(END) Dow Jones Newswires

July 28, 2016 02:19 ET (06:19 GMT)

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