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Sears PLC sells its credit-card operation
- Source :
- Wall Street Journal. Europe. Jan 14, 1999, 5
- Publication Year :
- 1999
-
Abstract
- United Kingdom retail stores giant Sears PLC, sells its credit card business Creation Financial Services to French financial services company Cofinoga. The deal is worth $229.9 million. Cofinoga's bid is being financed by France's commercial bank Banque Nationale de Paris.
- Subjects :
- Creation Financial Services -- Mergers, acquisitions and divestments
Sears PLC -- Mergers, acquisitions and divestments
Cofinoga -- Mergers, acquisitions and divestments
Retail industry -- Mergers, acquisitions and divestments
Credit and debit card industry -- Mergers, acquisitions and divestments
Financial services industry -- Mergers, acquisitions and divestments
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.53660683