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Announced

Completed

UnipolSai completed the acquisition of an 80% stake in Società Italiana Flotte Aziendali.

Synopsis

UnipolSai, a financial services company, completed the acquisition of an 80% stake in Società Italiana Flotte Aziendali, a car rental and fleet management services provider. Financial terms were not disclosed. “Thanks to the merger by incorporation of SIFÀ into UnipolRental. We reaffirm the objective of becoming a leader for the service provided in the long-term rental sector, significantly increasing our share of market and increasingly confirming ourselves as a point of reference for Retail and Corporate customers. Multi-channel is the way to achieve the important results shared with the Group; alongside the paths already traced in recent years, the network of bank branches and more generally the commercial channels of the BPER Group are now added, which will represent a further incredible opportunity for growth," Giovanni Orlandini, UnipolRental CEO and General Manager.

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