Pohla & Hallmagi has advised Estonian vehicle rental company Mobire Group OU on the sale of a 53% stake to Inbank.
Financial terms of the transaction were not disclosed.
Inbank is a consumer finance-focused digital bank active in the Baltics and Poland with additional deposits accepted in Germany, Austria, and the Netherlands. Inbank has over 3,200 active partners and 600,000 active contracts. Inbank bonds are listed on the Nasdaq Baltic Stock Exchange.
According to Inbank, “the purpose of the transaction is to strengthen Inbank’s position in the car financing market and enter into an innovative subscription-based business model. The acquisition of a stake in the Mobire Group will not have a significant impact on the economic activities of Inbank. Following the transaction, Mobire will continue to operate under its current name.”
Pohla & Hallmagi’s team was led by Partner Toivo Viilup.
Pohla & Hallmagi could not provide more information on the deal.