Santander buys 1.3 billion euro Nordics car loan portfolio from Ford
Share:
MADRID (Reuters) - Santander Consumer Bank, a unit of Spain's Santander , agreed on Monday to buy a consumer auto-loan portfolio worth 1.3 billion euros (£1.1 billion) from Ford Motor Company in the Nordic countries, a Santander spokesman said."Part of the transaction is a long-term agreement on retail and wholesale finance to Ford dealers under the Ford brand," the spokesperson said, without disclosing the amount of the deal.The transaction is expected to be closed in the first quarter of..