BANKAMERICA &lt;BAC> TO SELL GERMAN BANKING UNIT

  BankAmerica Corp said it agreed to
  sell &lt;Bankhaus Centrale Credit AG>, its German consumer banking
  subsidiary, and German credit card operations to &lt;Banco de
  Santander> of Spain.
      Terms were not disclosed. The deal is expected to close in
  the second quarter, the bank holding company said.
      Bankhaus Centrale Credit, with 31 branches, had total
  assets of 927 mln marks at year-end 1986. The credit card
  operation services 115,000 Visa card holders and 35,000
  merchants in Germany, it said.
      Reached later, a BankAmerica spokesman said the company
  would record a pretax gain of 45 mln dlrs from the
  transactions.
      The spokesman declined, however, to disclose the price paid
  for the operations by Banco de Santander or other terms of the
  deal.
  

