They buy hundreds of thousands of new cars from automakers, manage giant fleets of company vehicles from large and smaller companies.
All while ensuring generous dividends to their shareholders.
Long-term rental companies, such as Arval, LeasePlan and ALD, unknown to the general public, have in a few years become heavyweights in the automotive world but also in banking, even if the car rental business was not established. not spontaneously to financiers.
On Wednesday, Société Générale once again showed its interest in this activity by publicly announcing what had been murmured for several months: discussions are underway for ALD, its leasing subsidiary (1.7 million vehicles in management) , acquires LeasePlan, its Dutch competitor (1.9 million vehicles), put up for sale by its shareholders (TDR Capital, the Abu Dhabi sovereign fund, etc.).
Bloomberg unveiled this project last June.
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