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)

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