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MBank's unit strengthens position in leasing segment with new acquisition

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MBank's unit strengthens position in leasing segment with new acquisition

mBank SA unit mLeasing Sp. z o.o. finalized the purchase of a 100% stake in leasing fintech LeaseLink Sp. z o.o. from Pragma Faktoring Spolka Akcyjna and other shareholders, with the value of the transaction amounting to 31.6 million Polish zlotys.

The acquisition is expected to strengthen mLeasing's position in the segment of small and medium-sized businesses. MBank also said March 8 that a merger of the two leasing units is not planned, and the LeaseLink brand will remain on the market following the acquisition.

Commerzbank AG is the ultimate parent of mBank and mLeasing.

As of March 8, US$1 was equivalent to 3.82 Polish zlotys.