Binder Groesswang and Clifford Chance Frankfurt have advised BNP Paribas' Arval subsidiary on the acquisition of UniCredit Leasing Fuhrparkmanagement GmbH and a long-term cooperation agreement with UniCredit Bank Austria.
Arval and its Austrian subsidiary Arval Austria GmbH acquired 100% of the shares in UniCredit Leasing Fuhrparkmanagement GmbH, the Austrian fleet management company of the UniCredit group. Closing remains subject to approval by Austrian antitrust authorities.
Arval — which specializes in full-service vehicle leasing and new mobility solutions — leased 1.3 million vehicles last year. The company has more than 7,000 employees in 30 countries around the world.
The agreement also includes a long-term cooperation agreement between Arval Austria and UniCredit Bank Austria, enabling Arval to offer fleet management and mobility services to UniCredit Bank Austria's corporate customers.
Binder Groesswang's team was led by Partner Thomas Schirmer and included Partners Stephan Heckenthaler, Horst Lukanec, and Johannes Barbist, Counsel Stefan Frank, Senior Associates Manuel Mullner and Philipp Spring, and Associates Pia-Alena Havel and Andreas Perkonig.
Clifford Chance's team included Partner Thomas Krecek, Senior Associate Moritz Petersen, and Associate Lara Stelmach.
Binder Groesswang did not reply to our inquiry about the deal.
Editor's Note: After this article was published Fellner Wratzfeld & Partner announced that it had advised UniCredit Bank Austria on the deal. The firm's team included Partners Markus Fellner, Lukas Flener, Paul Luiki, and Kurt Wratzfeld, Attorneys Florian Dauser and Severin Plattner, and Associates Felix Kirkovits and Daniel Wadl.