Volkswagen and Fleet Investments B.V. dispose of holding in LeasePlan

Posted on 23. Jul, 2015 by in Volkswagen Canada

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• Closing is theme to a capitulation by a efficient authorities

Volkswagen Aktiengesellschaft and a Dutch association Fleet Investments B.V. are disposing of a world’s heading leasing and swift government association LeasePlan Corporation N.V. to a consortium of investors. The sum value of a transaction amounts to about EUR 3.7 billion. Subject to capitulation by a efficient regulatory and anti-trust authorities, a shutting of a transaction is approaching by a finish of this year. “Since Volkswagen acquired a interest in LeasePlan in 2004, a investment has grown positively. This growth is reflected in a appealing offer perceived from a investors,” pronounced Hans Dieter Pötsch, CFO of Volkswagen Aktiengesellschaft. “With a enlargement of a possess swift government activities during Volkswagen Financial Services, a time has, in a opinion, now come to palm LeasePlan over to new investors,” Pötsch added.

LeasePlan is now represented in 32 countries via a world, has a workforce of some-more than 6,800 people, has about 1.5 million vehicles underneath agreement and is therefore a world’s largest provider of swift government services. In 2014, LeasePlan reported net income of EUR 372 million. Through a Dutch corner try Global Mobility Holding B.V., Volkswagen Aktiengesellschaft and a Dutch association Fleet Investments B.V., an investment association of a German landowner Friedrich von Metzler, any reason an surreptitious interest of 50 percent in LeasePlan.

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