Wells Fargo will acquire Irish lender
Wells Fargo & Co. said its banking operation has entered into a definitive agreement with Bank of Ireland to acquire Burdale Financial Holdings Ltd. and the portfolio of Burdale Capital Finance Inc., which represents approximately $1 billion in loans outstanding from customers in the United States and the United Kingdom. Upon completion of the transaction, which is expected to close in early 2012, Burdale will become part of Wells Fargo Capital Finance, the asset-based lending group of Wells Fargo.
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