(Sharecast News) – Close Brothers on Wednesday said it was buying Bluestone Motor Finance, a provider of motor finance in Ireland for an undisclosed cash sum.
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

Related articles

US consumer sentiment improves in December

US consumer sentiment improves in December

(Sharecast News) - US consumer sentiment improved in December as worries about inflation receded, according to a survey released on Friday by the University of Michigan. The preliminary index of consumer sentiment ticked up to 69.4 from 61.3 in November and 59.8 in...

Latest Articles

Join our mailing list

Subscribe to our mailing list to receive regular updates!