(RTTNews) - Standard Chartered Plc (STAN.L: News ) Monday said that Standard Chartered Bank has signed an agreement to acquire GE Money Pte. Ltd, a specialist in auto and personal loans in Singapore. The gross assets of the underlying business being acquired were SGD2.350 billion, or $1.807 billion as at December 31, 2009. The transaction is expected to be completed in the first quarter. Full storyRelated:
StanChart acquires GE Money in Singapore - Banking Times
Standard Chartered Buys GE Money’s Singapore Unit - BusinessWeek
GE sells Singapore firm to Standard Chartered - Malaysia Sun
StanChart to pay $1bn for GE loans unit - City A.M.
