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Banco Santander will buy the Royal Bank of Scotland's European consumer finance businesses, the company said Friday. Terms of the deal were not disclosed, but Santander said the unit had assets worth 2.2 billion euros .

RBS sells consumer finance unit to Santander (Independent)
Royal Bank of Scotland is to sell its European consumer finance business to Santander of Spain as it seeks to bolster its weakened capital position after last year's purchase of ABN Amro.

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