BPU sells its stake in leasing and factoring divisions


Banche Popolari Unite Scrl (BPU) has agreed to sell its 50% stake in ABF Leasing SpA to Banca Popolare dell'Emilia Romagna Scrl for Ђ24.5m, according to a BPU statement.

The transaction is expected to be finalised at the beginning of 2005.

BPU said it also agreed to sell to BPER its 7.18% interest in ABF Factoring SpA for Ђ500,000.

Source: AFX Europe



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Posted on Dec 6, 2004
Region: Italy