MADRID, Aug 27 (Reuters) - Grupo Santander, the eurozone's biggest bank, said on Friday it had agreed to buy $4.3 billion of car loans from British bank HSBC for $4 billion.
The deal would involve just $342 million of additional funding as the operation already has a specific line of financing in place, Santander said.
(Reporting by Sonya Dowsett; Editing by Gary Hill) Keywords: SANTANDER/ (Reuters Messaging: sonya.dowsett.reuters.com@reuters.net; 34 91 585 8328) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The deal would involve just $342 million of additional funding as the operation already has a specific line of financing in place, Santander said.
(Reporting by Sonya Dowsett; Editing by Gary Hill) Keywords: SANTANDER/ (Reuters Messaging: sonya.dowsett.reuters.com@reuters.net; 34 91 585 8328) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.