Linklaters has advised Crédit Agricole Consumer Finance and Stellantis on the signing of a binding agreement for the acquisition of 6 European subsidiaries of ALD and LeasePlan, following ALD’s proposed acquisition of 100% of LeasePlan announced in January 2022.

This operation, consisting in the acquisition of ALD’s activities in Ireland, Norway and Portugal as well as LeasePlan’s activities in the Czech Republic, Finland and Luxembourg, constitutes an immediate acceleration of the two companies’ ambitions in mobility and vehicle long-term leasing. These disposals would take place according to the commitments made by ALD to the European Commission in connection with the proposed acquisition of LeasePlan by ALD.

The completion of the transaction, expected in the course of 2023 is subject to the customary conditions precedent in this area, namely the completion of the acquisition of LeasePlan by ALD and the approval of the competent authorities.

The Linklaters team in Paris was led by Corporate M&A partners Pierre Thomet and Alain Garnier, counsel Julien Bourmaud-Danto, and associates Chloé Polo and Virgile Morel as well as Antitrust and Foreign Investment partners Pierre Zelenko and Thomas Elkins, managing associate Guillaume de Meersman, associates Tanguy Laurioz and Clémence Flichy ; Technology and Data protection partner Sonia Cissé, associates Faustine Piechaud and Thomas Feigean ; Intellectual property managing associate Jean-François Merdrignac ; Financial and regulation partner Ngoc-Hong Ma and associate Héloïse Daste ; Employment law partners Lionel Vuidard and Géric Clomes.

The offices of Linklaters in Luxembourg and Lisbon were also involved on certain aspects of the transaction.