German heavy CV lessor Albis Leasing has acquired a minority
stake of 48.8 percent in German Gallinat Bank, with an option to
purchase the remaining shares.
As part of the transaction, Albis has acquired Gallinat
subsidiary Gallinat-Leasing, which it is thought will continue to
run as an independent business.
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Although Gallinat works with the same heavy transport asset base
as Albis, the two companies’ differing regions of operation mean
that competition will be minimal.
Founded in 1986, Albis offers leasing and hire purchase, writing
over €700 million of business to over 30,000 German SME customers
in 2009.
Fred Crawley
