SNS REAAL has reached agreement with La Ser Lafayette France (LSF) on the sale of its remaining 40% minority interest in La Ser Lafayette Services Nederland B.V. (LSN), formerly PrimeLine. This sale follows on from the disposal in 2003 of 60% of PrimeLine to LSF, when the possibility to sell the remaining shares was agreed. LSN is mainly engaged in consumer financing for retail chains in the form of credit and loyalty cards. SNS REAAL continues to be active in consumer financing, among other things, in the form of personal loans and standing credit.

The purchase price for the interest is € 36 million, resulting in a book profit of € 14 million for SNS REAAL.

The transaction is expected to be completed at the end of May.