All articles by Antonio Fabrizio
Antonio Fabrizio
Law firm Norton Rose joins forces with Deacons Australia
UK-headquartered international law firm Norton Rose has joined forces with Deacons Australia, creating one of the biggest legal practices covering asset finance in the Asia-Pacific region.
EurotaxGlass: CV sales still weak at auctions
The market information provider which publishes Glasss Guide to Commercial Vehicle Values said that there has been a rising number of retail buyers attending wholesale events, even though attendance at several auctions was noticeably lower.
Lex expands its LCV services
UK vehicle lessor Lex has introduced a specialised OneCall commercial team to reduce downtime for its commercial vehicle customers. The company, which is part of the Lloyds Banking Group, already had in place a OneCall general service, but has now created a dedicated team to provide a specialist service to its light commercial vehicle customers.
Scania profits plunge in Q109
At the same time, the operating income for the companys financial services division dropped 71 percent to SEK 44 million (4 million), compared to SEK 152 million in the January-March period last year.
BVRLA appoints new chairman and representatives at its AGM
The British Vehicle Rental and Leasing Association (BVRLA) has appointed a new chairman as well as four new representatives. Kevin McNally, LeasePlans regional senior vice-president for Northern Europe and the Americas, is the association’s new chairman
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Volvo FS reports wider losses in Q109
With sales falling by more than 40 percent, Volvo saw a significant drop in activity during Q1 2009, which was reflected in its customer finance division. The Swedish truck maker reported a larger-than expected operating loss of SEK 4.53 billion ( 427 million). Its customer finance branch, Volvo Financial Services (VFS), had an operating loss of SEK 396 million, compared to a profit of SEK 381 million for the same period last year.
European railway association opposes introduction of “megatrucks”
The organisation, which brings together over 70 railways undertakings and infrastructure companies in Europe including the UK Association of Train Operating Companies (ATOC), which works closely with Britains ROSCOs said that introducing longer and heavier trucks on European roads would cause more environmental damage than previously thought.
?200m tower to be financed through leasing
A real estate leasing project has been approved for a 41-storey tower in the Italian city of Turin. The new building, which will be almost 200 metres tall and cover around 70,000 square metres in total, will be used by the local authorities and will have a capacity for over 2,600 people. The tower will cost some 200 million, and the local administration the regional administration of Piemonte will pay for the project with a real estate leasing in costruendo formula.
EIB provides Dexia with ?150 million for renewable energy projects
The European Investment Bank (EIB) has provided Dexia Bank and its leasing subsidiary Dexia Lease with a 150 million loan to finance renewable energy projects in Belgium and Luxemburg.
UniCredit and EBRD to support CEE firms
The European Bank for Reconstruction and Development (EBRD) has made investments in several UniCredit subsidiaries including some of its leasing companies to support small and medium-sized enterprises across Central and Eastern Europe (CEE). The EBRD said it has invested in total 432.4 million in UniCredit across eight Eastern European countries, as part of a joint effort to tackle the impact of the global economic crisis on the region. The investments include 15 million for UniCredit Leasing Serbia, 15 million for UniCredit Leasing Bosnia and around 18 million for UniCredit Leasing Ukraine.