Banco Santander SA and Centerbridge Partners secured European Commission approval to jointly acquire UK-based fintech Ebury Partners. The regulator cleared the transaction under the EU Merger Regulation.
The acquisition strengthens Santander’s position in global trade finance and foreign exchange services. This strategic move specifically targets small and medium-sized enterprises (SMEs) engaged in international trade.
Ebury provides a platform for international payments, FX risk management, and trade finance. These services complement Santander’s existing portfolio to better serve its key SME customer segment.