GA_P advises Orange Bank on its agreement with BNP Paribas for the transfer of its banking business in Spain

Gómez-Acebo & Pombo has advised French bank Orange Bank on several negotiation agreements with French bank BNP Paribas for the transfer of its banking business in Spain. This sale is part of a transaction that also includes the transfer of Orange Bank’s banking business in France to BNP Paribas.
After a long period of negotiation, which started in June last year, both companies have worked to define a joint solution for Orange’s customer base in France and Spain.
As a result, BNP Paribas’ Cetelem brand will be the one offering a solution to Orange Bank’s customers in Spain.
The GA_P team comprised Augusto Piñel, Irene Carreño and Miren Ibáñez, partner and associates of Corporate; Carlos de la Torre and Jesús Tallos, partner and associate of Labour; José Francisco Canalejas, associate of Banking and Finance; Javier Vinuesa and Oliver Padilla, partner and associate of Tax; and Andrew Ward, partner of Competition.

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