GE Money to increase its participation in BAC

©image: www.bac.net

In 2006 the two firms signed an agrement under which GE Money would acquire 49.99 percent of BAC's capital.
Edmundo Vallejo, president of GE Money Latin America, said there is a possibility of buying more BAC shares, and to consolidate their operations.
Sources close to the two companies say that GE Money could increase its holding up to 80 percent of the BAC shares.
Founded in 1970, BAC provides financial services in 18 countries throughout the Americas and the Caribbean, but primarily in Central America.

Source: prensalibre.com

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