A second offer to buy out Banca Italease fell short, after the
Italian lessor’s main shareholder Banco Popolare failed to reach
the 90 percent threshold needed to delist the company.
Banco Popolare held 88 percent of Banca Italease at the time the
offer expired.
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Earlier in July, Banco Popolare’s first attempt to buy out the
lessor failed as it reached 84.4 percent of Italease’s shares.
The CEO of the banking group Pier Francesco Saviotti has
announced that the loss-making leasing subsidiary will get a
recapitalisation of €1 billion.
Antonio Fabrizio
