20 December 2023 Dexia sells 5 leasing entities
BackLacourte Raquin Tatar advised Dexia Crédit Local on the sale of 5 non-regulated leasing entities.
Dexia and the BAWAG group have reached a sale agreement enabling the BAWAG group to acquire 5 non-regulated leasing entities. DCL Evolution, Alsatram, Dexiarail and two former finance companies, Dexia Flobail and Dexia CLF Régions Bail (formerly Dexia FB France and Dexia RB France respectively) will be acquired by the BAWAG Group.
The BAWAG Group will thus be able to refinance outstanding leasing assets with Dexia Crédit Local amounting to almost 750 million euros. The leasing assets correspond to around 80 contracts concluded mainly with public-sector counterparties.
The team assisting Dexia included partner Serge Tatar, Yoann Labbé and Joseph Deschamps on M&A aspects, partner Damien Luqué and Maxime Di Maria on regulatory aspects, partner David Sorel and Christian N’Da on tax aspects, and partner Benoit Neveu and Claire McDonagh on public law aspects.
Hogan Lovells Germany (Frankfurt office) advised the buyer on M&A aspects. Yann Beckers (Stephenson Hardwood) advised Dexia on financing aspects.
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Mergers
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