Hengeler Mueller advises Banque PSA Finance on proposed partnership with Santander Consumer Finance
20. February 2014
Hengeler Mueller advises Banque PSA Finance on the German aspects of a proposed 50/50 partnership with Santander Consumer Finance across PSA Peugeot Citroën’s main European markets. This partnership was announced on 19 February by PSA Peugeot Citroën Group in connection with other industrial and financial projects such as the strengthening of its partnership with Dongfeng and a EUR 3 bn share capital increase, on which Hengeler Mueller’s “Best Friend” Bredin Prat was the lead adviser.
Banque PSA Finance is the auto finance company of the second largest European vehicle manufacturer and one of the leading auto finance companies in Europe. Santander Consumer Finance is the consumer finance division of Banco Santander, the largest bank in the Eurozone by market capitalisation.
Hengeler Mueller advises Banque PSA as part of an integrated team of lawyers from its international “Best Friends” network including in particular: Bredin Prat in France (lead counsel to PSA Peugeot Citroën Group), Slaughter and May in the United Kingdom and Bonelli Erede Pappalardo in Italy.
The Hengeler Mueller team is led by partners Rainer Krause and Christian Schwandtner (both Corporate/M&A, Düsseldorf) and includes partners Martin Klein (Tax, Frankfurt), Martin Geiger (Banking Regulatory, London), Christian Hoefs (Labour) and Carsten van de Sande (Financial Services) as well as associates Lisa Friedsam and Andreas Stoll (all Frankfurt).