to launch a buyout offer for the troubled Italian lessor.
percent of Italease, said it will offer €1.50 a share for the
It will buy out shares from at least three other major
shareholders of the company.
It plans a major restructuring which will involve a delisting
from the Milan stock exchange and the creation of new companies to
take over Italease’s major leasing and factoring activities.
The offer depends on Banco Popolare obtaining at least 90
percent of Italease’s shares.