MILAN (Thomson Financial) - German cooperative bank DZ Bank, along with a
private equity partner, is in the final phase of buying a significant stake in
Banca Italease SpA from Banco Popolare Scarl and other shareholders, said a
report in Il Sole 24 Ore insert Plus, without citing sources.
At Italease's shareholders' meeting in mid-April, chairman Lino Benassi said
the Italian leasing group had received several expressions of interest and that
it would evaluate proposals in the next few weeks or months.
According to the report, Italease's advisor Rothchild has received offers
for the group and a decision could be made soon.
Banco Popolare is Italease's largest shareholder with a 30.72 percent stake,
while other members of the shareholder pact include Banca Popolare dell'Emilia
Romagna, Societa Reale Mutua di Assicurazioni, Banca Popolare di Sondrio, and
Banca Popolare di Milano.
yael.schrage@thomsonreuters.com
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