Associates First Capital Corp. said it will sell 41 Canadian branches to Citigroup's finance company, Commercial Credit Corp.

The branches include 28 from Associates' recent acquisition of Avco Financial Services. Terms of the deal were not disclosed.

After the transaction closes, Associates would have more than 300 branches.

Commercial Credit bought 100 branches from Associates in March. The Citigroup unit now has more than 1,000 branches in 45 states.

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