Italian leasing company Banca Italease
has announced that it will submit a memorandum of understanding to
its board over a joint venture in leasing and factoring operations
with Germany’s DZ Bank VR Leasing unit.
In a statement sent to the Italian stock exchange, Italease said
it has called an extraordinary board meeting on October 10 to
discuss the joint venture deal.
DZ Bank and Italease began talks in June, with a view of
establishing a joint venture for business emanating from both
banking and direct sources.
Earlier this year, Italease, part owned by Banco Populare,
announced net profits of almost €30 million for H1, compared to a
loss of €475 million for the same period last year.
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