M&A activity has not completely died in
leasing with the announcement last month that Crédit Agricole has
acquired OTP Leasing in Slovakia.
leasing with the announcement last month that Crédit Agricole has
acquired OTP Leasing in Slovakia.
The acquisition of OTP, part of Hungarian group
OTP, takes place ahead of Slovakia’s adoption of the euro and will
provide direct access to the local market.
OTP, takes place ahead of Slovakia’s adoption of the euro and will
provide direct access to the local market.
An agreement between Crédit Agricole Leasing and Intesa Sanpaolo
is also understood to have reached its final stage.
The transfer of all of Cariparma-Friuladria’s leasing operations
to Crédit Agricole Leasing is expected to take place later this
month. The two Italian banks were purchased from Intesa Sanpaolo in
2007.
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