ALD signs a share purchase agreement to sell six entities

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ALD has entered into a share purchase agreement to sell its subsidiaries in Ireland, Portugal and Norway, as well as LeasePlan’s subsidiaries in Luxembourg, Finland and the Czech Republic, to Credit Agricole Consumer Finance and Stellantis.

These disposals would take place under the commitments made by ALD in the context of the clearance by the European Commission of the acquisition of LeasePlan.

The closing of the transaction is subject to regulatory and antitrust approvals and the completion of the acquisition of LeasePlan by ALD.

The combined fleet of these six entities represented approximately 100,000 vehicles or 3% of the total combined fleet of ALD and LeasePlan as at 31 December 2022.