GE Commercial Finance Signs Agreement With Dexia Group to Acquire Banque Artesia Nederland.
PR Newswire Europe, October, 2006
BRUSSELS, October 12 /PRNewswire/ -- GE Commercial Finance, the business-to-business financing arm of GE (NYSE:GE), today signed an agreement with Dexia Group (Euronext: DEXB), the European banking group, to acquire 100% of its subsidiary Banque Artesia Nederland N.V. for an undisclosed amount. The transaction is subject to regulatory approval.
Banque Artesia Nederland, headquartered in Amsterdam and founded in 1872, is a well established and internationally respected bank, particularly in the corporate lending and mid-market space, with EUR4.7 billion in assets ($6 billion), nine branches throughout the Netherlands and nearly 300 employees. It is a full service bank, offering corporate lending and a broad range of commercial banking products including trade...
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