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BNP Paribas completes Arval buyout

BNP Paribas now fully owns Arval PHH Italy after buying out the remaining 45% stake. The European banking and financial giant bought the remaining stake from Caisse d'Epargne de Florence, Banca Findomestic and Centro Leasing. BNP already owned the majority 55% stake. Arval PHH Italy, which was launched in 1995, is the second biggest leasing company in the Italian market and manages more than 80,000 vehicles.

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