Portuguese bank Millennium BCP said on Thursday it was selling its stake in auto finance unit Interbanco to France’s Societe Generale for 110 million euros, another step toward focusing on its core business.
BCP, Portugal’s biggest listed bank, said it was selling its 50.001 percent stake to SG Consumer Finance. Societe Generale will have 100 percent of Interbanco when the deal is completed, probably in the fourth quarter of 2005, the bank said.
For this complete story, please visit BCP Sells Auto Finance Unit to Societe Generale.
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