The bank’s transaction forms part of its digital strategy to accelerate growth by buying up corporate stakes
Santander has made a €30 million investment, acquiring a 50.1% stake in Mercury TFS. This way, Santander aims to enhance its international trade offer and consolidate its position as the preferable bank for SMEs and corporates with international operations.
One-third of the investment will be focused on the subscription for new shares, according to information. It will inject funds into the company, enabling new services and boosting growth in customer numbers and markets.
Besides, Mercury TFS’ CEO and head of technology will continue to head up the company.
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