El Corte Inglés has agreed to sell a 51 percent...

2013-10-28T00:00:00

El Corte Inglés has agreed to sell a 51 percent stake in its consumer finance business, Financiera El Corte Inglés, to Santander, one of its major lenders. According to Reuters, the bank is paying €140 million for the profitable operation, which generated revenues of €168.4 million last year. If regulatory ...

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