Forso Nordic AB (Ford Credit) is the captive finance operation forFord Motor Company in the Nordics.Forso Nordic AB is headquartered inSweden ,Gothenburg , with a subsidiary inFinland and branches inNorway andDenmark . The total outstanding portfolio, consisting of auto loans and leasing contracts, is approximatelyEUR 1,3bn ., which is 8% of the total balance ofSantander Consumer Bank AS . The acquisition is fully financed through an intra group loan from the parent company ofSantander Consumer Bank AS . The transaction has been subject to regulatory approval and has now been completed with immediate effect.Oslo ,February 28th 2020 For further information, please contactMichael Hvidsten (CEO), mobile +47 958 13 340, orOlav Hasund (Nordic Auto Director) mobile +47 902 02 165
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