(CercleFinance.com) – Stellantis announced on Wednesday that it had decided, by mutual agreement with Banco Santander, to reorganize the car financing partnership that linked them to Brazil.
The contract provides for the purchase by Banque PSA Finance of 50% of the shares of Banco PSA Finance Brasil, a joint venture hitherto held equally by a subsidiary of Banco Santander Brasil and Banque PSA Finance.
The agreement also includes the acquisition by Stellantis Services of 50% of the shares of PSA Corretora de Seguros e Services, an entity previously controlled 50/50 by Banco Santander Brasil and Stellantis Services.
Upon completion of these transactions, Banque PSA will become the sole shareholder of Banco PSA Finance Brasil and Stellantis Services will be the sole shareholder of PSA Corretora.
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