Piaggio and Santander Consumer Finance have signed a “global long-term cooperation agreement aimed at developing consumer financial services with the aim of supporting the Piaggio Group’s commercial structure and distribution network in various local markets”. Note announces that.
With this, Santander becomes the new global partner of the Piaggio Group for the supply of financial services to individuals. The partnership explains “exclusive” a note and will affect key European markets: “In the first phase, countries not currently covered by agreements with other partners (including Austria, Belgium, the Netherlands, Greece and the United Kingdom) from 1 January 2023 as well as to Italy, France, Spain and Germany.” Furthermore, Santander will support the development of Piaggio’s business also in the Latin American, USA and Canada markets, thanks to an organized and widespread presence. But the agreement also provides for “the parties’ evaluation of the expansion of cooperation in other strategic markets.”
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