DZP advises Getin Holding on the sale of Carcade Rosja

We are advising Getin Holding on the sale of a 100% shareholding in OOO Carcade.

The shareholding will be transferred upon fulfilment of the conditions specified in the agreement. The share purchase agreement is expected to be concluded no later than 27 March 2020. The total value of the transaction will be RUB 2,960,000,000 (equivalent to PLN 181,448,000 at the National Bank of Poland average exchange rate as at 29 November 2019).

Carcade is a Russian lease company specialising in leasing cars and light vehicles to small and medium enterprises. As at 30 September 2019, the Carcade Group’s balance sheet total was RUB 20,775,997,000 and its total equity was RUB 3,435,365,000.

The client is being advised by DZP lawyers from the Capital Markets and Financial Institutions Practice: Andrzej Foltyn, Partner/Head of Practice, and Piotr Jackowski, Senior Associate.