EU approves Fiat buy of Leasys

Newswire

BRUSSELS, Nov 25 (Reuters) - Italian carmaker Fiat's Fidis unit won permission from the European Commission on Friday to buy out Enel's interest in the long-term vehicle rental firm Leasys. Enel has held a 49 percent interest in the firm. But Fiat agreed to pay 33.5 million euros to increase its share from 51 percent to full ownership. Leasys has a fleet of more than 86,000 vehicles and posted revenues of 388 million euros in 2004, the companies said when the deal was announced in ...

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