A planned joint venture between Italease and VR Leasing has been
halted by the German lessor.
The announcement was made by Italease’s head Lino Benassi, who
said that the decision of DZ Bank, the German group which owns VR
Leasing, was “totally unexpected and likely linked to the current
market uncertainties.”
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Banca Italease and VR Leasing had agreed earlier this year to
create a joint venture, in which the German lessor would have
obtained a 60 percent majority stake with the option to acquire the
remaining 40 percent of the new business unit.
Banca Italease’s board of directors said that despite DZ Bank’s
decision, it intends to continue with the revision of its
industrial plan. This will include a stand-alone strategy aiming
for a “moderate” growth, Italease said.
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