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Santander buys Brazilian auto loan portfolio from Peugeot maker PSA

Por: Latin LawyerImprimirVisualizar em PDF
Pinheiro Neto Advogados has helped Spanish commercial bank Santander acquire financial and insurance assets in Brazil from Groupe PSA – the French automobile conglomerate behind the Peugeot, Citroën and DS brand cars.

Banque PSA, Groupe PSA's French financial services arm, relied on Bredin Prat, while its Brazilian branch turned to BMA - Barbosa, Müssnich, Aragão in São Paulo.

Santander's Brazilian branch paid an undisclosed sum to acquire a 50 per cent stake in loan provider Banco PSA Finance Brasil. It also acquired 100 per cent control of insurance brokerage PSA Corretora de Seguros e Serviços. The deal closed on 1 August.​

 

Banco Santander (Brasil)

Pinheiro Neto Advogados - Partner José Luiz Homem de Mello and associates Thomaz Kastrup and Raphael Palmieri Salomão in São Paulo


Counsel to Banco PSA Finance Brasil

BMA - Barbosa, Müssnich, Aragão - Partner Camila Goldberg and associates Felipe Prado, Frederico Menescal, Mariane Rangel and Priscila Conde in São Paulo      

 

Counsel to Banque PSA

Bredin Prat - Partner Florence Haas and associates Simon Lange and Jean-Benoît Demaret in Paris​

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