All articles by Verdict Staff
Verdict Staff
Sweeney-Kincaid launches online asset auctions
Scottish industrial auctioneer Sweeney-Kincaid has begun operating online auctions, to facilitate the selling of unwanted equipment by lessors and other businesses hit by economic difficulties Managing Director Russel Kincaid was keen to point out that in the current climate of cost-cutting and margin-widening, many companies would do well to use the service, which has a UK client base of 3,000
ALD International buys out JV partners in Russia and Turkey
Fleet management and leasing company ALD International has bought out the 25 per cent stake in its ALD Automotive Russia subsidiary, meaning it now owns the entirety of the Russian fleet operator ALD International, a wholly-owned subsidiary of French banking giant Socit Gnrale, purchased the quarter-stake in ALD Automotive Russia from former joint venture partner CIS Rental & Leasing BV.
Euro investments promote rapid growth in Hungary
Some 2.6bn worth of contracts were signed by Hungarian leasing companies in 2008s first half, an increase of 12 percent year-on-year
Alpha Leasing gathers steam in Romania
Alpha Leasing IFN Romania (Alpha Leasing), the Romanian division of Greek Alpha Bank Group, announced gross profits of 1.6m for the first half of 2008
Brother and BNP in landmark finance deal
Electronics manufacturing giant Brother has launched a new leasing programme called Print Smart aimed at increasing profit margins for resellers which promote the scheme to clients
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Lombard to support Leasedrive
Lombard will provide asset finance to customers of Leasedrive Velo, a van and car lessor whose senior management last month bought a majority stake in the company
Dutch government buys parent company of ABN AMRO
Fortis statement on transaction with government of the Netherlands Dutch government acquires Fortis Bank Nederland (Holding) N.V., including Fortis’ interest ABN AMRO Holding N.V., and the Dutch Insurance activities