MBNA snaps up Premium Credit
Credit card giant MBNA Corp has acquired Epsom-based premium finance provider Premium Credit for £180m from HSBC Holdings and London-based buyout firm Electra Partners Europe.
Electra gained £84.1m from the deal and HSBC £32m.MBNA said it plans to use the acquisition to expand its UK operations. The existing management and staff will be retained and continue to be based at
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