The acquisition, which is due for completion at the end of the third quarter of 2018, will enable BNP Paribas to strengthen its foothold on the Romanian leasing market.
The transaction is pending approval from the regulatory bodies.
Through this acquisition, BNP Paribas, one of the pioneers of the leasing system, wishes to get firms in Romania to switch from the acquisition system to a leasing model.
Thus, German group IKB withdraws from the Romanian market after BNP Paribas Leasing Solutions has taken over the shares of two Romanian profile firms held by the group locally.
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, assisted BNP Paribas Leasing Solutions throughout the transaction from the stage of structuring and due diligence to regulatory aspects and the negotiation and signing of related papers.