Fortress takes VBAG box leasing unit

News-in-print

Fortress Investment Group (FIG) has acquired Immoconsult Asset Leasing GmbH, the container leasing arm of part-nationalised Austrian bank, österreichische Volksbanken AG (VBAG). Terms of the deal were not disclosed.

Following three state bailouts since 2008, the Republic of Austria became a 43% shareholder in VBAG in the spring of this year and a number of measures were agreed to improve and strengthen its capital position and ratios. The reduction efforts are focused predominantly on assets in the Real Estate and Corporate segments.

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Fortress takes VBAG box leasing unit ‣ WorldCargo News

Fortress takes VBAG box leasing unit

News-in-print

Fortress Investment Group (FIG) has acquired Immoconsult Asset Leasing GmbH, the container leasing arm of part-nationalised Austrian bank, österreichische Volksbanken AG (VBAG). Terms of the deal were not disclosed.

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