November 23 (SeeNews) - Bulgarian leasing company M Rent, previously known as TBI Rent, intends to acquire local firm Eurolease - Rent A Car, part of Eurolease Group, the Commission on Protection of Competition said.
The regulator has been notified of the potential deal and will now evaluate its effects on competition, it said in a statement last week.
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Financial details of the notified transaction were not disclosed.
M Rent is active in the area of operational leasing, short-term rental of motor vehicles, fleet management and insurance brokerage. The company was renamed to M Rent after it was acquired by Bulgaria’s Leasing Finance in 2017.
Eurolease - Rent A Car offers short-term and long-term car rental services, including technical support services for clients on long-term rental contacts.