Banco Santander completed the acquisition of a 50.1% stake in Mercury TFS for $34m.

Banco Santander completed the acquisition of a 50.1% stake in Mercury TFS, a company specialising in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for $34m. “The investment accelerates our plans to build a service platform for SMEs and international companies to better serve our customers worldwide. We are also helping to globalise Mercury TFS, a software company with huge potential and a team with enormous talent, by reinforcing their technical and commercial teams and complementing their already broad product range,” Javier San Félix, Santander's Head of Global Payments Services.