Romanian independent law firm Țuca Zbârcea & Asociații advised IKB in relation to the sale of 100% held in IKB LEASING FINANCE IFN S.A. and IKB LEASING S.A. to BNP Paribas Leasing Solutions.
The team was led by Partner Irina Moinescu, specialising in Corporate and M&A.
According to a press release issued by BNP Paribas Leasing Solutions, thanks to this acquisition, BNP Paribas Leasing Solutions has strengthened its position in Romania where it is already a major player in the leasing market. Pioneer of the usage economy, BNP Paribas Leasing Solutions is pursuing its ambition to support companies in Romania and help them move from the sales business model to one of leasing.
The closing is expected by the end of the third quarter of 2018 and is subject to regulatory approvals.
NOTE: Info on the deal was provided by https://leasingsolutions.bnpparibas.com/en/acquisition-ikb-leasing-romania/