trending Market Intelligence /marketintelligence/en/news-insights/trending/OQKfsHhvG24lhWn-48AgIw2 content esgSubNav
In This List

Austria-based Bawag to acquire German specialty finance firm BFL Leasing

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Austria-based Bawag to acquire German specialty finance firm BFL Leasing

Austria-based Bawag Group AG agreed to acquire 100% of Germany-based BFL Leasing GmbH, a specialty finance company, from BFL Gesellschaft des Bürofachhandels mbH & Co. KG, which is majority owned by VR-Leasing AG.

Financial details of the transaction, which is subject to regulatory approval, were not disclosed.

BFL Leasing employs about 75 people and reported total assets of about €600 million at the end of 2017.

Bundesverband der Deutschen Volksbanken und Raiffeisenbanken eV is the ultimate parent of VR-Leasing.