trending Market Intelligence /marketintelligence/en/news-insights/trending/hKq4971u-1lwxONe2DEtNg2 content esgSubNav
In This List

SocGen unit to acquire equipment leasing firm

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


SocGen unit to acquire equipment leasing firm

Société Générale SA unit Franfinance SA has agreed to acquire ITL Equipment Finance sas from Banque Française Mutualiste.

The deal, which is subject to regulatory approval, is expected to complete in the first half. Terms of the deal were not disclosed.

The acquisition of ITL, an equipment leasing company specialized in the environmental, manufacturing and healthcare sectors, will allow Franfinance to strengthen its positions in the healthcare and environmental market.

SocGen said the transaction is not expected to have a significant impact on the group's common equity Tier 1 ratio.