Norton Rose and Linklaters have advised on BMW's €700m (£604m) acquisition of ING's car leasing and fleet management business.

The deal, which received competition clearance last month, will see ING Car Lease become part of BMW's own multi-brand fleet management division, Alphabet, increasing its company car fleet to roughly 540,000, with operations across 16 countries in Europe.

Norton Rose advised longstanding client BMW, fielding a corporate team in Amsterdam and London

The Amsterdam team was led by corporate partners Ep Hannema and Saskia Blokland, while London partners Robin Brooks and Chris Grieves headed up the firm's work in the City.

A number of other European corporate partners took roles on the deal, includeing Paolo Daviddi (Italy), Stephane Sabatier (France) and Piotr Strawa (Poland), as well as competition partners Michael Grenfell, intellectual property head Mike Knapper, employee benefits partner Monique Fry and regulatory partner Peter Snowdon in London.

Linklaters' Amsterdam practice acted for ING. Corporate partner Pieter Riemer headed a seven-partner team which also included: Anouk Oosterom and Yevgeniya Chaplina (corporate); Martijn van Broeckhuijsen and Vincent Gerlach (employment); Paul Kreijger (competition); and Joost Rompen (tax).

In addition, Garrigues, Wildgen and Liedekerke Wolters Waelbroeck Kirkpatrick provided Spanish, Luxembourg and Belgian law advice respectively.

Grieves said: "A fair amount of co-ordination is required on any multijurisdictional deal of this kind, which is always challenging. The deal was made more complicated by the fact that the car leasing business was such an integrated part of ING Group."