Santander Consumer Finance S.A. has taken over GE Money Bank AB, which is GE Capital's consumer credit division in Scandinavia. The purchase price is DKK 5.3bn.
Santander Consumer Finance S.A. is the subsidiary of Banco Santander S.A., which is Spain's largest bank and among the leading financial institutions in Europe.
After the take-over, Banco Santander S.A. has 1.2 million private clients in Scandinavia.
Thomas Weincke and Anne Sofie Bendix Ranch advised Banco Santander S.A. with respect to the Danish aspects.