The European Union has given its final approval to German
carmaker Volkswagen and Dutch investment company Fleet Investments
to take joint control of LeasePlan Corporation, the Dutch car
lessor.
In a statement, the European Commission, which is tasked with
ensuring that mergers and acquisitions do not distort competition
in the EU, said: “The transaction would not impede effective
competition in the European Economic Area or any substantial part
of it.”
Go deeper with GlobalData
LeasePlan was jointly controlled by VW and two other companies,
Abu Dhabi’s Mubadala Development Company and Saudi Arabia’s Olayan
Group, which are selling their shares to German investment company
Fleet Investments, part of the Metzler Group.
Jason T Hesse
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
