GENERAL Electric has struck a deal to sell more Australia and New Zealand finance businesses as part of a plan to retreat from financial services. 
The US conglomerate is selling the businesses to Sankaty Advisors, an affiliate of private equity house Bain Capital.
Details of the deal have not been disclosed, but according to market speculation the businesses were valued at about $1.9 billion, including debt.
GE has, over the past eight months, inked deals to sell four Australia and New Zealand consumer and commercial financing businesses, including the latest deal.
In   July, it revealed it was selling its Australian, US, Mexican and New Zealand fleet businesses in an agreement worth about $9 billion. The deals are expected to close by the end of the first quarter of 2016.The parent company has so far agreed to sell about $US128 billion ($A181 billion) of GE Capital assets, more than 60 per cent of its overall plan.