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The Empire State Building, center, towers over Manhattan in this aerial photo of Aug. 30, 2011 in New York. The Top of the Rock observation area is located on the GE building, lower right. (AP Photo/Mark Lennihan)

(Bloomberg) — General Electric Co. is trying to sell the asset management arm that oversees the company’s pension plan as it continues to cut back on non-manufacturing operations.

GE wants “buyers that possess considerable experience managing retirement plan assets” as it looks to shed GE Asset Management, according to a statement Thursday. The unit has $115 billion under management, including the company’s own plans and portfolios of clients around the globe, GE said.

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