Italy

Capitalia to merge leasing and factoring divisions with Fineco leasing

Capitalia SpA said its board approved plans to merge with the group's asset management unit and to buy out minorities in the merchant bank unit

Shares drop at Banca Italease as Monte dei Paschi di Siena sells 3% stake

Italian leasing and factoring group Banca Italease yesterday saw its share price drop by 1.29 per cent to close at 11.60 euros, after news emerged that banking group Monte dei Paschi di Siena (MPS) had sold its 3.17 per cent stake in a private p

Italease shares close up 17% on Milan debut

Italease, the leasing and factoring company, saw its share price rise above its IPO price to close at

Italease sets IPO price

Banca Italease, the Italian leasing and factoring company, yesterday set its initial public offering (IPO) price at

Coface enters service agreement with mutual bank

Italian mutual bank Banca Popolare di Vicenza has entered an agreement with Coface, the French credit insurance, rating and recovery agency, to offer

MPS reveals growth in factoring turnover

MPS Leasing and Factoring has revealed its results for Q1 of 2005 as showing a profit of €3.3 million.

Banco Italease purchases Factorit

Banca Italease Spa has purchased Factorit Spa on 6^th May 2005 for €313,411,831.

Factoring group shareholders authorise IPO

Shareholders of Banca Italease, the Italian leasing and factoring group approved the issue of 15.5 million new shares and gave the board of directors a mandate to proceed with an IPO on the Milan stock exchange.

Unicredit-Confindustria agreement fund allocation begins

On Monday the fund allocation for the innovations set by the UniCredit-Confindustria agreement will begin.

Intesa Mediofactoring profit 2004 increased by 70%

The Board of Administration of Intesa Mediofactoring, the factoring company of Intesa group, analysed and approved the project of balance sheet showing a net profit at the end of 2004 of Ђ48.2m (up70.85% compared to 2003).