Banca Finint buys into agriculture

Italy’s Banca Finint has bought Banca della Nuova Terra (BNT)’s agricultural branch for some €23m.

The acquisition includes agricultural mortgages and loans, which are part of Banca Finint’s plan to expand its expertise on specialised lending.

Banca Finint has already assisted BNT in the past with the sale of some of its assets as well as bond issues for a total of some €450m.

BNT was assisted in this operation by the Chiomenti law firm, while Banca Finint used Giovanardi e Associati law firm.

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