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Announced

Completed

Crédit Agricole and Stellantis completed the acquisition of the European activities of ALD and LeasePlan.

Synopsis

Crédit Agricole, a French international banking group, and Stellantis, a multinational automotive manufacturing corporation, completed the acquisition of the European activities of ALD, a French fleet managing and operational car leasing company, and LeasePlan, a leasing company. Financial terms were not disclosed. "The acquisition of these six entities, together with Stellantis, is a great opportunity for us. An opportunity to seal our new partnership with Stellantis by looking together at a structuring development but also take a significant step towards our objective of becoming one of the European leaders in the field of leasing and mobility," Stéphane Priami, Crédit Agricole Consumer Finance CEO.

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