Arval signs MoU to buy GE Capital Fleet Services in Europe

30th June 2015 | 0 Comments
 

Vehicle leasing specialist Arval has signed a Memorandum of Understanding with GE Capital to acquire the latter’s European fleet management business. The scope of this acquisition covers more than 160,000 vehicles in 12 European countries, of which France, Germany and the UK represent more than three quarters; vehicle assets amount to €2.4bn as of Q1 2015. Parent company BNP Paribas states that the transaction will “significantly reinforce” Arval’s leading market position in Europe.

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