Santander Buys Majority Stake in Software Company Mercury TFS
March 13 2020 - 6:36AM
Dow Jones News
By Pietro Lombardi
Banco Santander SA has agreed to buy a majority stake in
software company Mercury TFS for an overall investment of 30
million euros ($33.7 million).
The company, which has 130 employees in Spain and Latin America,
focuses on software solutions that automate the end-to-end
management of trade finance transactions for corporate customers,
the Spanish bank said Friday.
Santander is buying a 50.1% stake.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
March 13, 2020 06:21 ET (10:21 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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