CHRYSLER <C> UNIT BUYS BENEFICIAL <BNL> UNIT
Chrysler Corp said its Chrysler
First Inc acquired a major portion of the commercial lending
portfolio of Beneficial Business Credit Corp, a subsidiary of
Beneficial Corp.
It said the acquisition involves about 84 mln dlrs of net
receivables.
Chrysler First, a subsidiary of Chrysler Financial Corp,
had receivables of 4.3 billion dlrs at the end of 1986.