The leasing giant has entered into a definitive agreement with MKB Bank Zrt and Letét Kft to acquire 100% of the shares of MKB-Euroleasing Autópark, which owns a total fleet of nearly 9,400 vehicle: 7,700 in Hungary and 1,700 in Bulgaria.

ALD Automotive said the acquisition enables it to become a major player on the Hungarian fleet market and to consolidate its leading market position in Bulgaria.

ALD Automotive has been present in Hungary for 10 years and manages today 6.000 cars for its 500 clients. In Bulgaria, where its activities started a year and a half ago, ALD Automotive now manages 2,200 vehicles for 85 clients.

The closing of the transaction is expected mid-2016, subject to approval from local authorities.