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BNP Paribas cleared to buy IKB Deutsche Industriebank's Romanian units

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BNP Paribas cleared to buy IKB Deutsche Industriebank's Romanian units

BNP Paribas SA's units operating in Romania have received approval to acquire IKB Leasing Finance IFN SA and IKB Leasing SA, the country's Competition Council said Aug. 20.

BNP Paribas Lease Group SA, BNP Paribas Leasing Solutions IFN SA and BNP Paribas Renting Solutions Ltd. will acquire the companies, which are part of the IKB Deutsche Industriebank AG Group.

BNP Paribas agreed to acquire the companies in June, and had expected to finalize the deal in the third quarter.