BMG Buys GE Asset

BMG Buys GE Asset

Brazil M&A

Banco BMG, a Brazilian payroll deduction credit provider, says it has agreed to acquire GE Money in Brazil, which comprises Banco GE Capital. The sale includes the totality of GE Money Brazil, including existing retailer partnerships, branches, customers, assets and GE Money Brazil employees. According to BMG head Ricardo Guimaraes, the intended strategy is expanding the points of services of the institution throughout Brazil, which already has more than 3,000 points of sales. “We will take adva

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