Competition Council to evaluate BNP Paribas’s takeover of IKB Leasing Finance and IKB Leasing

Anca Alexe 13/07/2018 | 10:36

The Competition Council has announced that it will analyse the transaction through which BNP Paribas Lease Group, BNP Paribas Leasing Solutions IFN and BNP Paribas Renting Solutions have taken over IKB Leasing Finance IFN and IKB Leasing.

IKB Leasing Finance and IKB Leasing are active in Romania in the financial services and leasing sectors by providing financial loan and leasing services and operational leasing. The two companies are part of the IKB Deutsche Industriebank AG group.

BNP Paribas Lease Group is present in Romania through BNP Paribas Leasing Solutions IFN and BNP Paribas Renting Solutions. The two companies’ main activities are financial leasing and loans and renting and leasing cars and construction equipment. The buyers are part of the international BNP Paribas financial services group.

“In line with the provisions of the Competition law, the proposed operation is an economic concentration that exceeds the value thresholds permitted by the law, and it is under control by the Competition Council. The authority will evaluate this transaction to establish its compatibility with a normal competitive environment and will issue a decision before the deadline provided by the law,” a statement by the Competition Council reads.