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ECB gives green light to LeasePlan acquisition

LeasePlan said it had been informed of the move by its current 100% shareholder Global Mobility Holding BV – a joint venture of Volkswagen Aktiengesellschaft and Fleet Investments BV.

As announced last July, the current owners has reached agreement to sell LeasePlan for €3.7bn (£4.9bn) to the consortium, which is composed of a group of long-term responsible investors and includes leading 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), the Merchant Banking Division of Goldman Sachs and investment funds managed by TDR Capital LLP.

LeasePlan said that other regulators, including EU and local anti-trust authorities have already given clearance for the acquisition. Global Mobility Holding has informed LeasePlan that closing of the transaction is still expected in Q1 2016.

It added that it would refrain from giving further comment at this stage.

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.