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Security Pacific will buy a Manny Hanny unit.

January 27, 1987

Los Angeles-based Security Pacific will acquire the consumer finance assets and offices of Manufacturers Hanover Finance Ltd., a United Kingdom leasing subsidiary of Manufacturers Hanover Corp. The assets, which are valued at about $100 million, consist primarily of automobile finance receivables. Terms of the sale, which is expected to be completed on Feb. 19, were not disclosed.

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