LeasePlan owners look to offload leasing giant

The owners of LeasePlan Corporation are looking to offload the fleet management and leasing company.

LeasePlan said that Volkswagen and German private banker Friedrich von Metzler, who both a have a 50% stake in the company through Global Mobility Holding BV, are in talks about a potential ‘divestment’.

The Dutch company said the talks “may or may not result in an agreement”, without providing further details.

A consortium led by Volkswagen bought LeasePlan in 2004 from Dutch bank ABN Amro in a deal worth €2 billion. Metzler joined in 2009 after acquiring a remaining 50% stake from two co-investors from Saudi Arabia and Abu Dhabi.