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Banco Santander SA agrees to acquire GE Money Bank AB, GE Capital's consumer finance business in Sweden, Denmark and Norway


Monday, 23 Jun 2014 02:33am EDT 

Banco Santander SA:Says it agrees to acquire GE Money Bank AB, GE Capital's consumer finance business in Sweden, Denmark and Norway.Under the terms of the agreement, Banco Santander's consumer finance unit will buy GE Money Bank AB, GE Capital's consumer finance business in Sweden, Norway and Denmark (GE Money Bank).Purchase price of the transaction, expected to close in the second half of 2014, amounts to about 700 mln euros. 

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9.83
-0.08 -0.81%
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