MILAN (Thomson Financial) - The Italian leasing and factoring company Banca
Italease SpA has asked its pact shareholders to provide a new financing of about
1 billion euros in an operation expected to be launched soon, daily Il Sole 24
Ore reported.
The shareholder pact comprises Banco Popolare, Banca Popolare dell'Emilia
Romagna, Societa Reale Mutua di Assicurazioni, Banca Popolare di Sondrio, and
Banca Popolare di Milano.
Banco Popolare, which is Italease's largest shareholder with a 30.72 percent
stake, looks ready to contribute about 500 million euros to the loan, whose
interest rates are unknown, Il Sole said, without citing sources.
The newspaper said Italease is also preparing another 1 billion euro
financing aimed at banks that do not hold shares in the company. This second
financing operation is expected in the next few months.
danilo.masoni@thomsonreuters.com
dm/ajb
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