A German investment company has agreed to acquire 50 percent of
shares in LeasePlan, the Dutch-headquartered fleet and vehicle
management company, joining Volkswagen which currently owns the
other 50 percent.
Fleet Investment, owned by German banker Friedrich von Metzler,
will become a 50 percent shareholder of LeasePlan, after
LeasePlan’s two Gulf co-investors – Abu Dhabi’s Mubadala
Development Company and Saudi Arabia’s Olayan Group – decided to
divest their stakes in the lessor.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The joint venture means that VW will no longer need to take up
the remaining stake of LeasePlan by itself.
According to LeasePlan the transaction, which is expected to
close later this year, reconfirms the “high strategic importance”
of multi brand fleet management for VW.
LeasePlan CEO Vahid Daemi added: “We value the fact that in the
current economic climate a financially strong and long-term
oriented investor is interested to acquire a 50 percent stake in
our company and consider this a confirmation of the success of our
company.”
Antonio Fabrizio
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
