Brief: Grenke AG - And Intesa Sanpaolo Form Strategic Partnership In Italy

Grenke AG

28/01/2025 14:05

Jan 28 (Reuters) - GRENKE AG  GLJn.DE :
    * AND INTESA SANPAOLO FORM STRATEGIC PARTNERSHIP IN ITALY
    * ISP TO RECEIVE 17% EQUITY STAKE IN GRENKE LOCAZIONE
    * UNDER AGREEMENT, BY MID-2025 INTESA SANPAOLO RENT FORYOU
S.P.A.
(RFY), A SUBSIDIARY OF ISP, WILL BE CONTRIBUTED IN FULL TO
GRENKE LOCAZIONE S.R.L., GRENKE'S ITALIAN SUBSIDIARY
    * TRANSACTION EXPECTED TO COMPLETE BY END OF Q1 2025

Source text:  ID:nEQ4pccVRa 
Further company coverage:  GLJn.DE 

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