Fleet News

LeasePlan sale clears final hurdle

LeasePlan new and used cars.

The European Central Bank has given the green light for the £2.6 billion acquisition of LeasePlan by a consortium of investors.

The deal is now expected to go through in the next few weeks after other regulators, including EU and local anti-trust authorities had already given the green light for the acquisition.

Volkswagen and German bank Metzler announced last year that they had struck a deal to sell the business to a consortium which included, Dutch pension fund service provider  PGGM, Denmark’s largest pension fund ATP, GIC, Luxinva SA, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and investment funds managed by TDR Capital LLP.

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