FCA Bank expands in Portugal, acquired by Sadorent through Leasys Rent

The agreement provides for the sale of 100% of the shares of the Portuguese company to Leasys Rent

FCA Bank expands its presence in Portugal with the acquisition of Sadorent. As specified in a note, FCA Bank, joint venture equal between Stellantis and Credit Agricole, acquired 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, brand of Leasys (subsidiary of the Bank) specialized in short and mid-term rental solutions.

‘Reaching this agreement further strengthens our role as a mobility leader in Portugal and Europe,’ he said. 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 has even more value. 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 ‘, he added. Carelli.

‘The acquisition by FCA Bank it’s a great opportunity for Sadorent, which will give our teams new means to continue the company’s growth and development path, in terms of innovation, mobility services and the company’s global presence, ‘he said. Nuno Cerqueira, owner and ceo of Sadorent.