The French Cetelem has completed the acquisition of the full stake in the local consumer credit firm Jet Finance.The take-over was approved by the state antitrust commission about a month ago. Jet Finance is specialised in credits for purchase of consumer goods but plans to offer mortgage loans and to expand its operations in other countries in the region. Cetelem is a member of the financial group BNP Paribas and holds leading positions on the consumer credit markets in France and Europe . It operates in 27 countries and manages assets of more than EUR 58bn.
Source: Intellinews-Bulgaria Today