LeasePlan Sale Talks Terminated
Photo courtesy of LeasePlan.
Discussions about the possible sale of LeasePlan Corp. have ended after the global fleet management company's Dutch parent and a group of investors were unable to reach an agreement, LeasePlan has announced.
The Almere, The Netherlands-based LeasePlan Corp. is owned by Global Mobility Holding B.V., which is 50 percent owned by Volkswagen and 50 percent owned by German banker Friedrich von Metzler. LeasePlan USA is the fourth largest fleet management company in the U.S.
LeasePlan Corp., which acknowledged the sale talks on March 31, announced that negotiations over its sale have ended. The global fleet management provider's parent has informed the company that "it has no plans to pursue further options leading to a divestment of LeasePlan in the near future and confirms that it will continue to support the company’s existing successful business approach," according to the statement.
LeasePlan manages 1.42 million vehicles spread across 32 countries. The company says it's the world's largest fleet manager.