April 6 (Reuters) - Pepper Group Ltd (PEP)
- Confirmed that discussions with spanish bank, banco popular to form a 50-50 JV have formally ceased
- As a result, agreements between pepper group and banco popular are no longer legally binding.
- Is committed to its existing consumer finance business in spain and is confident of outlook for that business on a standalone basis
- It was agreed that it was in best interests of both parties not to proceed with joint venture due to a change in strategic priorities
- Terminated joint venture to pursue opportunities in unsecured consumer finance market together
News: PEP Pepper Group confirms that discussions with Banco Popular to form JV ceased
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