Santander Unit To Buy Citi Auto Loans

25 Jun 2010

Santander Consumer USA has agreed to acquire the $3.2 billion auto loan portfolio of CitiFinancial Auto.

Santander Consumer USA has agreed to acquire the $3.2 billion auto loan portfolio of CitiFinancial Auto. Under the terms of the deal, which is expected to close in the third quarter, the U.S. unit of the Spanish bank is paying a price that equal to 99% of the ...

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