Autonom buys BT Operational Leasing from Banca Transilvania
The Banca Transilvania Financial Group and Autonom have closed a deal for the sale of 100 percent of shares in BT Operational Leasing. Through this deal, BT exits a field that was a secondary niche for its business, and Autonom gets to 500 employees, around 5,000 corporate clients and a 8,000-vehicle auto park.
On the other hand, Banca Transilvania and Autonom will set up a partnership through which BT clients will have access to an extended mobility service package, which includes operational leasing, fleet management, road assistance, auto rentals and rental of cars with drivers, according to Business Review.
The transaction’s completion is estimated for this year, after it will get approval from the Competition Council, and it was intermediated by BT Capital Partners, the investment banking division of the Banca Transilvania Financial group, and by RTPR Allen & Overy on Autonom’s side.