Leaseplan Corporation NV To Acquire Banco Bilbao Vizcaya Argentaria SA's Italian Car Lease Operations-DJ

Thursday, 13 Dec 2012 02:40am EST 

Dow Jones reported that Leaseplan Corporation NV has agreed to buy the Italian car-leasing operations of Banco Bilbao Vizcaya Argentaria SA (BBVA) for an undisclosed sum. LeasePlan Corp. NV said the deal will bolster its presence in Italy and add 20,500 vehicles to its 1.3 million global portfolio. The transaction is expected to close in the first quarter, pending regulatory approval. 

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