The Szabo Kelemen & Partners law firm and the Kalaidjiev, Georgiev & Minchev law firm have assisted Hungarian MKB-Euroleasing Autopark and its Bulgarian subsidiary on the complete sale of its car fleet to ALD Automotive. ALD Automotive was assisted by Baker & McKenzie and Hristov & Partners.
As a result of the deal, ALD will acquire a 100% stake in Hungarian MKB-Euroleasing Autopark Zrt. and Bulgarian MKB-Autopark eood from MKB Bank Zrt. and Letet Kft. After the deal, ALD, which has been present in Hungary for over 10 years and which currently manages more than 6,000 cars for 500 clients, will add a fleet consisting of 7,700 cars in Hungary and 1,700 cars in Bulgaria.
Based on information made available to CEE Legal Matters, the Szabo Kelemen & Partners team that advised the seller on Hungarian matters consisted of Partner Laszlo Kelemen, Attorneys-at-Law Eva Balsay and Balazs Dominek, and Trainees Agnes Hajzer and Zsolt Eperjesi.
On Bulgarian aspects, the seller was assisted by a Kalaidjiev, Georgiev & Minchev team led by Managing Partner Angel Kalaidjiev, supported by Partner Hristo Hinov and Lawyer Yasen Nikolov.
The buyer was assisted by Baker & McKenzie Partner Pal Takacs and Attorney-at-Law Jozsef Vagi on Hungarian aspects while Bulgarian advice was provided by Partner Pavel Hristov and Counsel Biliana Shagova of Hristov & Partners.
Baker & McKenzie did not answer to repeated CEE Legal Matters enquiries.
Deloitte acted as financial advisor to the seller in the transaction.