(CercleFinance.com) – The European Commission has approved the acquisition of six subsidiaries of ALD and LeasePlan by CACF (part of the French group Crédit Agricole) and Stellantis.
CACF will acquire sole control of Merrion Fleet Management Limited, based in Ireland, ALD Automotive AS, based in Norway, LeasePlan Finland Oy, based in Finland, and LeasePlan Çeská republika sro, based in the Czech Republic.
CACF and Stellantis, through their joint venture Leasys, will acquire joint control of LeasePlan Luxembourg SA, based in Luxembourg, and SGALD Automotive – Sociedade Geral de Comercio e Aluguer de Bens, SA, based in Portugal.
The six subsidiaries of ALD and LeasePlan are active in motor vehicle leasing.
CACF is active in the consumer credit sector.
The Commission concluded that the proposed concentration would not raise competition concerns, given its very limited impact on the structure of the market.
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