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Filip & Company and RTPR Advise on Sale of Part of BCR Fleet Management to Arval Romania

Filip & Company and RTPR Advise on Sale of Part of BCR Fleet Management to Arval Romania

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Filip & Company has advised Banca Comerciala Romana on the sale of a part of its BCR Fleet Management operational leasing business to the Arval group. Radu Taracila Padurari Retevoescu advised the buyer.

The transaction remains contingent on regulatory approval.

Erste Group company BCR is a financial group in Romania specializing in universal banking operations, including retail, corporate & investment banking, treasury and capital markets, and areas such as private pensions, automotive leasing, and real-estate banking. BCR Fleet Management is part of the BCR Group and provides operational leasing and fleet management services.

Owned by BNP Paribas, Arval specializes in vehicle leasing and mobility solutions. The company has been present in Romania since 2007, with a total fleet of over 12,581 vehicles.

"The BCR Group is using this opportunity to adjust its strategy with respect to the operating lease product and, with this partnership, we will be able to provide our clients with an enhanced solution in cooperation with a partner with global expertise in the mobility and fleet management area," BCR Fleet Management General Manager Adrian Lacatus commented.

"We are very happy we have signed this agreement with the BCR Group which will allow us, once completed, to serve new clients in Romania and answer their growing mobility and energy transition needs with our proven products and services range," Arval Romania General Manager Roxana Lupescu added.

The Filip & Company team was led by Partners Monica Statescu and Alina Stancu Birsan and included Partner Catalin Suliman, Counsel Silviu Vasile, Senior Associate Smaranda Vacaru, and Associates Simona Ungureanu and Monica Popa.

The RTPR team included Partners Mihai Ristici and Roxana Ionescu, Managing Associates Marina Fecheta-Giurgica, Diana Dimitriu, and Cezara Urzica, Associate Serban Halmagean, and Junior Associates Ozana Ghic and Flavia Mincu.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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