Skip to main content

Volkswagen and Fleet Investments B.V. Dispose of Holding in LeasePlan for EUR 3.7 Billion

  • Closing is subject to the approval by the competent authorities

Volkswagen Aktiengesellschaft and the Dutch company Fleet Investments B.V. are disposing of the world’s leading leasing and fleet management company LeasePlan Corporation N.V. to a consortium of investors. The total value of the transaction amounts to about EUR 3.7 billion. Subject to approval by the competent regulatory and anti-trust authorities, the closing of the transaction is expected by the end of this year. “Since Volkswagen acquired its stake in LeasePlan in 2004, the investment has developed positively. This development is reflected in the attractive offer received from the investors,” said Hans Dieter Pötsch, CFO of Volkswagen Aktiengesellschaft. “With the expansion of our own fleet management activities at Volkswagen Financial Services, the time has, in our opinion, now come to hand LeasePlan over to new investors,” Pötsch added.

LeasePlan is currently represented in 32 countries throughout the world, has a workforce of more than 6,800 people, has about 1.5 million vehicles under contract and is therefore the world’s largest provider of fleet management services. In 2014, LeasePlan reported net income of EUR 372 million. Through the Dutch joint venture Global Mobility Holding B.V., Volkswagen Aktiengesellschaft and the Dutch company Fleet Investments B.V., an investment company of the German banker Friedrich von Metzler, each hold an indirect stake of 50 percent in LeasePlan.

The post Volkswagen and Fleet Investments B.V. Dispose of Holding in LeasePlan for EUR 3.7 Billion appeared first on VWVortex.



from VWVortex http://ift.tt/1CSadVX
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

2018 Lamborghini Aventador S Roadster Review

“Supercars just don’t excite me anymore.” These words, spoken to me over a month ago by another journalist, friend, and (so-called) enthusiast were echoing in my head for far too long, but they’ve finally been drowned out. Drowned out by the wail of a naturally aspirated 6.5-liter V12 engine mounted in the middle of the new Lamborghini Aventador S Roadster. My friend’s point is that back in the good old days, there was a crop of supercars that captured the imagination with amazing style, sounds, performance, and more. Today, it seems like everything is capable of supercar performance, with large luxury sedans outdoing some of the best and most dedicated teams of car nuts, while former pillars of automotive excellence are suddenly pumping out family-friendly SUVs. Beyond that, another league of supercars, dubbed hypercars have cropped up with hybrid gas-electric powertrains that make magical things happen quickly, but at the cost of the acoustic drama, visual flair, and engag...
Post a Comment
Read more

Project SportWagen: Going Stage 2 with APR

    When we last left you, the humble little SportWagen was fresh from the development process with our friends at AWE Tuning, sporting a new downpipe, exhaust and intake, allowing things to breathe a bit easier.  The car sounded great, but there was no getting around the fact that our wagon was still quite, well, slow.   While we realize that nothing we do to the Golf SportWagen at this point will make it a race car, we still felt compelled to do something .  To put it bluntly, we had a fever, and the only cure was more power. Flash forward a few hours, and we found ourselves at Waterfest, staring down APR’s palatial spread and the numerous tuned vehicles surrounding it.  Earlier in the year, APR had hinted to us that their 1.8 TSI files would be quite impressive, and based on what they were able to do with the 2.0 TSI found in the new GTI and our time in their Golf R, we knew it’d be worth the wait.  So with this in mind, we lined our G...
Post a Comment
Read more

Project Golf SportWagen- Intro

I’ve never really been one for SUVs and crossovers.  The current offerings aren’t the body-on-frame, go-anywhere specialty tools I remember from my youth, and what they lack in capability, they also lack in on-road performance. The current crop isn’t terribly good at handling or being efficient, which in my opinion are major components of our ideal driving experience.  So when it comes to space or utility, I usually look for something of the wagon variety- and it seems that I’m not alone. We hit quite a few shows around the east coast each summer, and we see modified Jetta SportWagens at nearly every event. Even amongst common consumers, these cars are highly sought-after. They don’t depreciate much, making even early Mk 5 2.5 versions expensive in comparison to other Jettas or Golfs of the same vintage. This year, Volkswagen launched their latest SportWagen, which is now billed as a Golf.  In many ways, this latest SportWagen is the best yet and it has certai...
Post a Comment
Read more