VIENNA (Thomson Financial) - Raiffeisen-Leasing International (RLI) and GMAC Financial Services have signed an agreement whereby RLI will provide leasing and retail vehicle financing using the GMAC brand in nine Central and Eastern European (CEE) countries, according to a joint statement by the two companies.
No financial details were disclosed.
Over the next 18 to 24 months, GMAC and RLI will roll out the new leasing and financing products in those CEE countries in which GMAC has no physical presence, they said.
RLI is 75 percent owned by Raiffeisen International, with the remaining 25 percent owned by the various co-operative banks in Austria's Raiffeisen sector. peter.klopf@thomson.com pkl/gp COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
© 2007 AFX News
