ABS partly funds Banca IFIS’s GE Capital Interbanca buy

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ABS partly funds Banca IFIS’s GE Capital Interbanca buy

David Bell
August 02, 2016 05:30 PM
GE logo 230x150
FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is displayed at Western Appliance store in Mountain View, Calif. GE Capital said Friday, Dec. 24, 2010 it will sell a Mexican consumer mortgage business that includes a $2 billion loan portfolio to Grupo Financiero Santander Mexico. The lending unit of Fairfield, Conn.-based General Electric Co. will receive about $170 million, according to a company official who wasn't authorized to talk about the deal. (AP Photo/Paul Sakuma, File) | Paul Sakuma/ASSOCIATED PRESS

Banca IFIS has completed the €160m acquisition of GE Capital Interbanca, with a securitization deal helping to repay the Italian corporate bank’s €2.3bn debt to the GE Capital parent company.

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Topics

ItalySecuritizationEuropeEMEA
DB
David Bell
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