POSTGENERIQUE02

ALD Proposed Acquisition of LeasePlan

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ALD Announces the signing of a memorandum of understanding to acquire 100% of LeasePlan from a consortium led by TDR Capital.
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LeasePlan is one of the leading fleet management and mobility companies in the world by fleet size, with a global and extensive offering making it the perfect fit for ALD to shape the industry’s transformation.

The proposed combination of ALD and LeasePlan into NewALD is expected to be highly synergetic and create an opportunity to cross-leverage the two companies’ complementary capabilities. As a leading global player in mobility worldwide, NewALD would be able to benefit from a fast-growing market driven by strong underlying megatrends, including the:

This transformative deal would be a step-change. NewALD would target an improvement in cost to income ratio, confirming its position as best-in-class in the industry.

1 Based on EUR 12.12 per share for ALD (VWAP on Euronext between 28 Sept 21 and 27 Oct 21, date of publication of press release after market close confirming discussions concerning a potential combination) and excluding warrants 2 With 12-month lock-up. Potentially to increase by a further c.2% following the exercise of warrants, on a fully diluted basis. 3 B2E is Business to Employee

Published at January 7, 2022
January 7, 2022
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