PARIS — Groupe Galeries Lafayette announced on Monday it has finalized the sale of its 50 percent stake in consumer credit company LaSer to BNP Paribas Personal Finance, marking the end of a bitter two-year dispute between the partners in the venture.
BNP Paribas Personal Finance was due to exercise its put option and buy out Galeries Lafayette’s stake, giving it full control, but the two parties have consistently disagreed on the price of the shares since the sale was announced in September 2012.
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