BNP Paribas, Credit Agricole Ready Bids for ALD-LeasePlan Car-Rental Assets, Les Echos Reports
27 Janeiro 2023 - 9:30AM
Dow Jones News
-- BNP Paribas SA and Credit Agricole SA are planning rival
offers for car-rental assets put up for sale by Societe Generale SA
subsidiary ALD SA and LeasePlan, French newspaper Les Echos
reports, citing unnamed sources.
-- Both companies are preparing to submit indicative bids in
coming weeks for assets in Ireland, Norway, Portugal, Czech
Republic, Finland and Luxembourg to address European Union
antitrust concerns arising from ALD's proposed acquisition of
LeasePlan, according to Les Echos.
-- The valuation of the assets could range from 200 million
euros to 500 million euros ($218 million-$545 million), Les Echos
reports, citing the sources.
Full story (in French): https://bit.ly/3jbEL0S
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
January 27, 2023 07:15 ET (12:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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