LeasePlan Italy inspected by competition authorities

LeasePlan’s Italian arm says it has been visited by the competition authority (AGCM), as part of an investigation into the Italian rental industry.

The leasing company, which was sold last week by carmaker Volkswagen and German bank Metzler to a consortium of institutional investors, said it would cooperate with the investigation.

“LeasePlan takes the investigation by the competition authority very seriously and fully cooperates with the AGCM,” it said in a statement.

“LeasePlan’s policy is to conduct business in full compliance with all applicable laws, committed to providing high quality fleet management and driver mobility services to its clients. The company will refrain from further comment.”