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VÚB acquires majority in leasing company

VÚB Banka signed a contract on July 20 to purchase a majority stake in the leasing company B.O.F. According to the SITA newswire, the bank concluded a preliminary agreement for the deal in September 2006.

The deal in the leasing sector comes on the heels of the bank's shoring up its position in the consumer loan sector by creating the subsidiary Consumer Finance Holding.

The transaction must still receive clearance from Slovakia's Antitrust Office and Italy's central bank.

Neither company revealed the terms of the deal.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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