Banco Santander buys GE Money Bank in Scandinavia

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Source: Bloomberg
Banco Santander SA, the largest bank in Spain, decided to buy the GE Money Bank unit in Denmark, Norway and Sweden. The agreed price with the GE Capital company reached 700 million euros. The deal is going to be completed by the second half of this year. However, today Banco Santander SA shares are decreasing 0.65% to 7.79 euro per share by 8:20 GMT in Madrid.
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