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August 28, 2009
Banco Patagonia Buys GMAC Argentina
Argentina’s Banco Patagonia has acquired GMAC Compania Financiera for an undisclosed sum.
Argentina’s Banco Patagonia has
acquired GMAC Compania Financiera for an
undisclosed sum, Reuters reports. The local unit of
has assets worth $142 million and a loan portfolio of $92
The acquisition allows Banco Patagonia to enter the business
related to the car industry. GMAC is former financing arm of
General Motors and is now the preferred
financer to buyers of GM and
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