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Leaseplan still in talks to sell
Date: 31 March 2015 | Author: Daniel Puddicombe
Leaseplan, the second-largest leasing company in the UK, has confirmed its parent company Global Mobility Holding is still in discussions with a group of investors to acquire full ownership of the company.
The firm announced it was in talks to sell earlier this month and said in a statement that "Leaseplan emphasises that these discussions may or may not result in an agreement".
BusinessCar contacted Leaseplan for further details on how the sale could potentially affect its UK operations, but the company declined to comment further at this stage.
According to the Wall Street Journal, Volkswagen, which is a 50% stake shareholder of Leaseplan, is looking to offload its share.
The other 50% is owned by German private banker Friedrich von Metzler.
A consortium led by VW acquired Leasplan in 2004 from Dutch bank ABN Amro in a £2bn deal.
Von Metzler acquired his stake from two co-investors in 2009.
Leasplan UK is the second largest leasing company in the UK and grew its fleet size by 4.1% to 139,698 vehicles last year.
