View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
December 15, 2008updated 12 Apr 2017 4:41pm

Italease fully incorporates Leasimpresa and Italeasing

Two separated branches of Banca Italease have formally become an integral part of the Italian lessor. Troubled Banca Italease announced the signing of a legal agreement providing for the merger by incorporation of Leasimpresa and Italeasing, whichalready were part of the Group,into Banca Italease.

By LL editor

Two separated branches of Banca Italease have formally become an integral part of the Italian lessor.

Troubled Banca Italease announced the signing of a legal agreement providing for the merger by incorporation of Leasimpresa and Italeasing, which already were part of the Group, into Banca Italease.

The merger took effect on December 15. The transactions of the incorporated companies will be booked for tax purposes to the Banca Italease’s financial statements from 1 January 2008.

Last month, a planned joint venture between Banca Italease and VR Leasing was halted by the German lessor, but company’s board of directors said it intended to continue with the revision of its industrial plan and pursue a “stand-alone” strategy.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life