All articles by Antonio Fabrizio
Antonio Fabrizio
Banca Agrileasing in major renewable energy plant deal
The project is being developed through a leasing-project finance structure for Energie Srl, a joint venture between EDF EN Italia and TerniEnergia, both widely active in the countrys renewable energy sector. The operation is being carried out by Banca Agrileasings project finance team, and the lessor said it confirms the strong commitment of its parent company, the cooperative banking network Banche di Credito Cooperativo, in the clean energy sector.
Lack of across-the-board finance highlighted
The extensive Flash Euro-barometer survey, carried out by the Gallup Institute upon request of the European Commission (EC) and the European Central Bank, questioned more than 9,000 firms across Europe on how easily they obtained financing via bank loans and leasing in the first six months of 2009, at the peak of the financial crisis. Although 29 percent of the surveyed companies from all European Union (EU) member states, as well as Croatia, Iceland and Norway said that their most serious concern had been finding customers during the downturn, access to finance was the second most pressing problem for at least one in six firms.
Organic waste treatment process pointing to market opportunity
Compass Business Finance to focus on anaerobic digestion finance Although still new in the UK asset finance arena having been founded in 2006 Compass Business Finance could soon be at the forefront in at least one area of the countrys renewable energy sector. Having decided not to focus on geothermal and photovoltaic energy, the directors of the finance housebroker Bruce Nelson and his son Mark are putting lots of efforts in developing anaerobic digestion finance, an area where they see decent returns in the near future.
Banca Agrileasing’s BCCLease to focus on vendor finance (Free)
Italys Banca Agrileasing subsidiary Nol, a rental company, is to become a new asset finance company. The new name will reflect both the companys new nature and its ownership by Banche di Credito Cooperativo (BCC), the Italian cooperative banking group which owns Banca Agrileasing.
Absolute Invoice Finance joins forces with Aldermore
Absolute Invoice Finance has recently become a division of Aldermore, the new commercial lender acquired by private equity firm AnaCap last year
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Aston Barclay launches new fortnightly van sale
Vehicle remarketing group Aston Barclay has introduced a new fortnightly van sale at its Chelmsford auction centre. The auctioneer said that an increased demand from vendors and buyers prompted the new Chelmsford sale, which is being held on the second and fourth week of each month. According to the company, the Chelmsford van sale is already attracting a number of buyers and a good selection of vans, with Ford Transit and Vauxhall Combo vehicles particularly in demand.
Close Brothers acquires GMAC invoice financing book
Close Brothers Group has acquired the invoice financing business of GMAC Commercial Finance Limited, the company has announced. The British merchant bank, which owns Close Asset Finance, has bought the invoice financing loan book of GMAC for a maximum of £98 million (109 million).
Volvo wins contract hire deal with Hills Group
Hills Waste Solutions has ordered three new Volvo FH tractor units on a five year contract hire deal.
Bombardier Transportation signs Swedish deal
Bombardier Transportation and AB Transitio, a Swedish rolling stock company, have agreed on the delivery of 11 three-car trains. The Bombardier CONTESSA trains will be leased by Swedish operators Lnstrafiken Kronoberg, Kalmar Lns Trafik and Hallandstrafiken
Sardaleasing to get ?150m from EIB
The EIB is lending Italian banking group Banca Popolare dell’Emilia Romagna (BPER) and its Sardinia-headquartered leasing subsidiary a total of 300 million for Italian-based SMEs active in the agriculture, industry, tourism and services sectors Corrado Savigni, corporate director at BPER, said that the new credit line confirms BPERs commitment to support enterprises across Italy and follows a number of similar initiatives in favour of struggling SMEs.