Italy’s MPS turns to Rothschild to sell leasing business

Italy’s Banca Monte dei Paschi di Siena is understood to have mandated Rothschild to advice on the sale of its leasing activities, as part of the implementation of its business plan.

The sale would be part of an asset disposal plan that also includes the sale of a stake in regional bank Biverbanca and credit unit

Press reports said General Electric, BNP Paribas and private equity firms could be interested in the leasing business, which accounts for 70% of MPS Leasing & Factoring.

According to data released by Mediobanca, the Leasing & Factoring division had a book value of around €320m.

The bank declined to comment on the deal. 

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