Forso Nordic AB (Ford Credit) is the captive finance operation for Ford Motor
Company in the Nordics. Forso Nordic AB is headquartered in Sweden, Gothenburg,
with a subsidiary in Finland and branches in Norway and Denmark.  The total
outstanding portfolio, consisting of auto loans and leasing contracts, is
approximately EUR 1,3bn., which is 8% of the total balance of Santander Consumer
Bank AS. The acquisition is fully financed through an intra group loan from the
parent company of Santander 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 contact Michael Hvidsten (CEO), mobile +47 958
13 340, or Olav Hasund (Nordic Auto Director) mobile +47 902 02 165

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange