FCA Bank, a 50/50 joint venture between Stellantis and Crédit Agricole, further expands its presence in Portugal acquiring Sadorent, a company active in the sector of short and medium term rental. The signing of the agreement provides for the sale of 100% of the shares of the Portuguese company a Leasys Rent, a Leasys brand (a subsidiary of the Bank) specialized in short and mid-term rental solutions.
In its almost thirty years of activity, Sadorent has established itself in Portugal as one of the most dynamic and solid car rental companies, with a constantly growing turnover and a fleet of over a thousand cars, many of which are hybrid and electric. A garrison built thanks to the strong presence on the territory and the quality of the products offered, which allowed it to obtain the PME Excellence, title of merit issued by the Portuguese Ministry of Tourism and the government agency IAPMEI.
“Reaching this agreement further consolidates our role as a mobility leader in Portugal and Europe” he has declared Giacomo Carelli, CEO of FCA Bank and Chairman of Leasys. “In a country with a strong tourist vocation, with a constant growth trend, the acquisition of a company specialized in leisure like Sadorent is even more valuable. FCA Bank and Leasys Rent will benefit from the company’s experience in the area, which it will integrate with its green fleet and the digital services that have made it one of the main players in Europe “.
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