Security Pacific Corp., Los Angeles, has sold 61% of its Paris-based unit, Security Pacific Bank France, to French and German banks.

Banque Mansart-Comptoir Europeen de Finance Immobilier announced it had acquired a 51% stake, and Deutsche Pfandbrief und Hypothekenbank AG, 10% of the U.S. company's French unit, Reuters reported.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.