SocGen’s ALD to Acquire LeasePlan
Posted on 01/06/2022
ALD is Societe Generale’s car leasing division. ALD agreed to buy 100% of Dutch rival LeasePlan for €4.9 billion (US$ 5.5 billion) from the consortium that owns LeasePlan, which is led by TDR Capital. Societe Generale will own circa 53% of the merged company, provisionally called “NewALD”, LeasePlan shareholders a total of 30.75%. NewALD will have a combined fleet of about 3.5 million vehicles worldwide. PGGM and Denmark’s ATP sold their stakes in LeasePlan in the deal. NewALD would manage the biggest electric vehicle (EV) fleet in Europe.
Keywords: Société Générale.
