UniCredito acquires control of Demir Romlease

Italy-based UniCredito Group keeps increasing its exposure on the Romanian market by entering segments outside the banking realm, such as leasing and brokerage. After having bought everything that could be sold in the former Demirbank, and acquiring control of the institution, UniCredito has officially taken over the 27.28% in the Demir Romlease leasing company. The seller of the shares was SIF (financial investment company) Muntenia. The Italian bank paid more than $1.5 million for the shares held by SIF Muntenia. As a result of the deal, UniCredito Italy currently holds 63.51% in the leasing company, which will probably undergo a change in name some time soon. ZF