AIG enlists Santander for Polish arm (Dealscape

Spain's Banco Santander SA and restructuring U.S. insurer American International Group Inc. said Wednesday they will merge their Polish banking and consumer finance operations into a single business 70% owned by the Spanish lender.

The companies did not include the terms of the deal, which is likely to have included a payment from Santander to AIG. AIG said that following the transaction it would be in a position to repay all the intercompany debt related to its Polish unit and would no longer be responsible for funding the combined operation.

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NOT A SUBSCRIBER? AIG enlists Santander for Polish arm Posted on July 29, 2009 3:30 PM Spain's Banco Santander SA and restructuring U.S. insurer American International Group Inc. said Wednesday they will merge their Polish banking and consumer finance operations into a single business 70% owned by the Spanish lender. The companies did not include the terms of the deal, which is likely to have included a payment from Santander to AIG. AIG said that following the transaction it would be in a position to repay all the intercompany debt related to its Polish unit and would no longer be responsible for funding the combined operation. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 942 in-depth reports of M&A deals in the Financial Services sector 89 in-depth transaction records for American International Group 46 in-depth transaction records for Banco Santander 18 company pages related to Spain 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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