Acquisition of LeasePlan by ALD: Signing of the Framework Agreement
The signing by ALD of the framework agreement for the acquisition of 100% of LeasePlan on 22 April 2022 follows the completion of the process of information and consultation of the relevant works councils.
This framework agreement is a binding agreement which confirms the terms of the transaction as disclosed earlier this year1. It is a key step allowing the parties to prepare for the completion of the transaction.
To ensure a successful integration, ALD and LeasePlan have set up an Integration Management Office (IMO), which is working on preparing the combination of the two entities post-closing.
The main next steps leading to closing are the regulatory and antitrust filings.
The closing of the transaction is expected by the end of 2022, subject to customary closing conditions1.
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1Access Societe Generale and ALD press releases dated 6 January 2022