Arval Germany – the car
leasing company owned by BNP Paribas – has received authorisation
to acquire Commerz Real Autoleasing, the vehicle leasing arm of the
Commerz Real Group.
The acquisition, which was
announced in mid-December 2010, enables Arval Germany to expand its
vehicle portfolio by more than 50% to 36,000 vehicles.
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The deal will also expand
Arval’s sales network in Germany.
As a result of the official authorisation, Arval Germany
has now become a partner of Commerz Real Mobilienleasing GmbH in
the field of full service vehicle leasing for corporate
customers.
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