DataRoom AM: The twist in GE's sale

The expected price of GE’s consumer lending business doubles to $2bn, while the Port of Melbourne is also proving to be hot property.

Suitors weighing the sale documents for GE’s local consumer lending business have been surprised by the extent of the division’s profitability, leaving the prospect for a much higher asking price than first expected.

Elsewhere, infrastructure investors line up to make a play for the Port of Melbourne, Medibank Private readies to light up ASX boards today, and consultancy firm Cardno braces for a takeover approach.

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