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05 July 2011

LeasePlan Portugal acquires Santander Consumer Multirent

Following the announcement made on 24 March 2011, LeasePlan Portugal Lda has now completed the acquisition of Multirent – Aluguer e Comércio de Automóveis, S.A., which was owned by Santander Consumer, EFC, S.A. (60%) e SAG Group (40%).

Operating in Portugal under the name SC Multirent, LeasePlan’s new subsidiary is specialised in providing fleet management services in Portugal to both corporate and individual clients since 1996, managing a funded portfolio close to 10,000 vehicles.

The acquisition complements LeasePlan’s multi-brand approach and provides further support of LeasePlan’s long-term strategy to deliver sustainable growth with a focus on profitability.

Commenting on the acquisition, António Oliveira Martins, Managing Director, LeasePlan Portugal said:

“This purchase reinforces our position in the Portuguese market. SC Multirent’s acquisition gives us the access to an attractive client portfolio of a recognised and respected company and allows us to continue to add value to our clients.”

- Ends-

Journalists requiring further information should contact:
LeasePlan Portugal, Lda.
Emirec Comunicação - Vera Ferreira
T:+351 21 301 13 90
Email: vera.ferreira@emirec.pt
Internet: www.leaseplan.pt

Notes to editors

About LeasePlan
LeasePlan is a global fleet and vehicle management company of Dutch origin. Our full service offering consists of financing and operational fleet management services to meet the needs of a diverse client base. Established more than 45 years ago, we have grown to become the world’s leading fleet and vehicle leasing company with over 85% of our 6,000 workforce now operating outside of the Netherlands. Our global franchise manages around 1.3 million multi-brand vehicles and provides fleet and vehicle management services in 30 countries. We have a proven track record in enhancing our presence in traditional mature fleet markets, as well as expanding into new markets and growing our business to market leading positions. We are able to capitalise on our global presence and international network by providing innovative products, value for money and superior service to meet the needs of both national and multinational clients. We aim to do this by using our expertise to make running a fleet easier for our clients. This is reflected in our universal promise to all our clients: ‘It’s easier to leaseplan’.

About LeasePlan Portugal
LeasePlan Portugal, Lda. is a subsidiary of LeasePlan Corporation N.V., the world’s leading fleet and vehicle management company. The subsidiary was founded in 1993 and has grown to be the market leader in operational leasing and fleet management in Portugal. LeasePlan Portugal manages a funded fleet portfolio of over 43,000 vehicles for more than 3,700 clients.