The year started off with a bang for Société Générale.
By acquiring LeasePlan via its specialized subsidiary ALD, the Banque de la Défense signs the largest acquisition in its history (4.9 billion euros).
And it becomes the undisputed champion of vehicle fleet management, with 3.5 million vehicles in its possession.
“This acquisition allows us to strengthen our position in a business that offers growth, profitability and recurring revenues,”
explains Diony Lebot, Deputy CEO of Societe Generale.
The Stock Exchange applauded the operation Thursday, the title gaining 1.86% while the CAC 40 lost 1.72%.
The best quarter in its history
"This is a relevant operation which changes the bank's economic model towards more profitable professions than traditional activities and which will improve its profitability",
suggests Jérôme Legras, co-founder of Axiom AI.
Societe Generale has great ambitions with its automobile leasing subsidiary.
“The activities of the combined entity are intended to…
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