Back to newsVB-Leasing International (VBLI), a joint-venture between Österreichische Volksbanken-AG (VBAG) and German VR-Leasing AG, successfully sold its leasing subsidiary in the Czech Republic to GE Money Bank A.S. based in Prague, a subsidiary of GE Capital. VB-Leasing Czech Republic belongs to the five leading leasing companies in the Czech Republic with total assets of ca. EUR 450 mln. Closing took place on 31 October 2014. VB-Leasing CZ was the third subsidiary of VBLI sold with Ithuba Capital as lead advisor following the sale of VB-Leasing Poland and VB-Leasing Romania to Getin Holding earlier this year.
With the latest closing, VBAG and VR-Leasing reached another milestone in their strategic re-alignment. Ithuba Capital will continue to advise VBAG and VR-Leasing on the ongoing sale of VBLI’s remaining subsidiaries in Bosnia-Herzegovina, Croatia, Slovakia, Slovenia and Serbia.
The seller was advised by Thomas Mayer, Sascha Bakry, Matthias Lauermann and Marlene Johler.