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Europe Daily Bulletin No. 9959

21 August 2009
(eu) eu/competition
Yes to purchase of LeasePlan by Volkswagen and Fleet Investments

Brussels, 20/08/2009 (Agence Europe) - On Thursday 20 August, the European Commission authorised plans by Volkswagen AG and Fleet Investments BV to take joint control of LeasePlan Corporation. Fleet Investments is an investment company belonging to the Metzler group. LeasePlan provides car finance and hire services. Under the proposed operation, Fleet will buy the LeasePlan stakes currently owned by MDC-LP Holding S.a.r.l. and by Crescent Beteiligungsverwaltung GmbH. Volkswagen already owns...