Close Bros buys Irelands Bluestone Motor Finance
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Close Brothers on Wednesday said it was buying Bluestone Motor Finance, a provider of motor finance in Ireland for an undisclosed cash sum.
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The transaction is expected to complete in the fourth quarter of this year. Bluestone Motor Finance has originated more than €450m since inception in 2014 and had loans under management of €132m at the end of the last year.
"The transaction is aligned with the group's commitment to Ireland as a strategic market and represents an important milestone in our commitment to delivering disciplined growth in our retail business" Close Brother said in a statement.
Reporting by Frank Prenesti for Sharecast.com