LONDON — General Electric said on Monday that it had agreed to sell its fleet-financing businesses in the United States, Mexico, Australia and New Zealand to Element Financial Corporation of Canada for $6.9 billion.

On Monday, G.E. also announced that it had separately signed a memorandum of understanding to possibly sell its fleet businesses in Europe to Arval, a unit of the French bank BNP Paribas and an alliance partner of Element’s.

The sale of the bulk of GE Capital Fleet Services represents the latest move in G.E.’s effort to retreat from banking and refocus on its industrial roots.

The company has been pursuing sales of a variety of assets in its GE Capital finance arm and expects to sell most of GE Capital by the end of next year. This month, G.E. agreed to sell a division that finances leveraged buyouts to the Canada Pension Plan Investment Board in a $12 billion deal.