ALD has entered into an agreement to sell six subsidiaries and has decided to convene an extraordinary general meeting on April 28, 2023, to approve the acquisition of LeasePlan.
ALD has entered into an agreement to sell its subsidiaries in Ireland, Portugal, and Norway1, as well as LeasePlan's subsidiaries in Luxembourg, Finland, and the Czech Republic, to Credit Agricole Consumer Finance and Stellantis.
These sales will be in line with the commitments made by ALD in connection with the approval of the acquisition of LeasePlan by the European Commission.
The combined fleet of these six entities represented approximately 100,000 vehicles or 3% of the total fleet of ALD and LeasePlan as of December 31, 2022.
ALD's board has decided to convene an extraordinary general meeting on April 28, 2023, to approve ALD's acquisition of LeasePlan. The completion of the acquisition will take place on the same day.
*1*Excluding NF Fleet Norway, a company jointly owned by ALD and Nordea.