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LeasePlan Confirms Sale Discussions

March 31, 2015

Photo via LeasePlan.
Photo via LeasePlan.

LeasePlan Corp. is actively discussing selling the Dutch company and its U.S. fleet management division to a group of investors, LeasePlan has confirmed.

LeasePlan didn't disclose the potential purchase price. The global fleet management company is owned by Global Mobility Holding, which is 50 percent owned by Volkswagen and 50 percent owned by German banker Friedrich von Metzler.

"LeasePlan emphasizes that these discussions may or may not result in an agreement," the company said in a release.

LeasePlan's owner is considering selling the company to a group of unidentified investors. The investors would finance the transaction using an equity investment covering at least 40 percent of the purchase price and cash-and-debt facilities of 1.55 billion euros or about $1.68 billion.

The investors may also bring to bear "an additional source of funding." LeasePlan would not lend any financing help toward the deal and "would not be responsible for the repayment of such debt," the company said.

Any potential sale of the Almere, The Netherlands, company would be subject to regulatory approval.

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