Société Générale: ALD acquires 100% of LeasePlan
(CercleFinance.com) - On 22 April 2022, ALD, in which Société Générale has almost an 80% stake, signed a memorandum of understanding to acquire 100% of LeasePlan.
This signature follows the completion of the information and consultation process with the relevant employee representative bodies, it says.
The next major steps in the closing process are the regulatory and competition authorities' approvals.
The transaction is expected to be completed by the end of 2022.
Little effect though - Société Générale shares are currently down about 1%, while ALD shares are just positive (+0.2%).
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