Santander Buys Spanish Vehicle-Sales Platform Coches.com
January 24 2020 - 5:49AM
Dow Jones News
By Giulia Petroni
Banco Santander SA (SAN.MC) said Friday that its
consumer-finance business acquired a 93.8% stake in Autodescuento
SL, the owner of online vehicle-sales platform coches.com.
The Spanish bank said the platform, which counts more than three
million unique users a month, is part of a strategy to invest in
the car-distribution industry in Spain and enhance its digitization
processes in the sector.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 24, 2020 05:34 ET (10:34 GMT)
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