PORTUGUESE bank Banco Finantia has acquired fleet management company Contratecar from its owners Santogal and Europcar.

Contratecar operates a fleet of more than 9,000 vehicles and ranks as the third largest company in the Portuguese fleet management sector.

Contratecar is focused mainly on fleet management and associated services and works with a network of more than 2,000 maintenance and repair garages around the country. It is a specialist in maintenance contracts, warranty extension programmes, managing vehicle repair costs and fuel expenditure, managing tyres and replacement vehicles. (April 2000)