Intesa Sanpaolo S.p.A. (BIT:ISP) agreed to acquire 11.81% stake in Centro Leasing Banca S.p.A. on June 27, 2013. In a related transaction, Centro Leasing Banca S.p.A. agreed to acquire Neos Finance SpA from Intesa Sanpaolo S.p.A. The combined value of both mergers is $170 million. The transaction provides for the allocation of 1.34 Intesa Sanpaolo ordinary shares for each ordinary share of Centro Leasing. As on June 27, 2013, Board of Intesa has resolved the merger. The transaction was approved by Boards of Intesa Sanpaolo and Centro Leasing on December 20, 2013. KPMG Advisory S.p.A. acted as financial advisor and fairness opinion provider for Centro Leasing Banca S.p.A. and Intesa Sanpaolo S.p.A.

Intesa Sanpaolo S.p.A. (BIT:ISP) completed the acquisition of 11.81% stake in Centro Leasing Banca S.p.A. on January 2, 2014.