
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, December 27, 1994                   TAG: 9412270142
SECTION: BUSINESS                    PAGE: A-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

ITT SELLS SUBSIDIARY TO GERMAN BANK

ITT Corp., New York operator of a night-vision products plant and a gallium arsenide technology center in Roanoke County, said Monday its subsidiary, ITT Commercial Finance, will be sold to a German bank, Deutsche Bank North America, for about $4 billion. ITT Commercial Finance specializes in loans to product distributors,

No other financial terms were disclosed.

- Associated Press

by CNB