OREANDA-NEWS. Highly valuing our cooperation, we would like to inform you about the change company GE Money ownership. Consistent with strategy to exit the Latvian platform in a prudent and responsible way, sales agreement has been signed between General Electric Capital Corporation and Swedish finance holding company Marginalen AB. Under the agreement, Marginalen AB will be the new owner of consumer lending and leasing company JSC “GE Money” as of August 17, 2013.

The deal won't affect liabilities of consumer lending and leasing company “GE Money” customers - existing agreements and payment schedules will be effective hereafter.

Account numbers for customer payments will remain unchanged.

As of change in JSC “GE Money” ownership, the name and the legal address of the company will also change - after August 17, 2013 the name of the company will be JSC “MG Capital” with legal address - Cesu Street 31, Riga, LV - 1012.