Beneficial Corp. will sell Beneficial Bank AG, its German consumer lending business, to Banque Sofinco, the consumer finance subsidiary of France's Suez Lyonnaise des Eaux.

Terms of the deal were not disclosed. Beneficial last week agreed to sell its U.S. consumer lending, home equity, and credit card businesses to competitor Household International Inc. Last month the company sold its Canadian unit to Associates First Capital Corp.

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