Portuguese company NewCo buys ALD Portugal & LeasePlan Luxembourg
- Portugal Business News
- Mar 22, 2023
- 1 min read
Portuguese company NewCo, that is a Joint Venture between Stellantis, a leading automaker and mobility provider, and Crédit Agricole Consumer Finance, is buying ALD Portugal and LeasePlan Luxembourg.
ALD Automotive, that belongs to Société Générale, is listed on Euronext Paris and provides vehicle leasing and fleet management services, while LeasePlan Luxembourg provides vehicle leasing solutions.
NewCo is a leading long-term vehicle leasing provider in Europe. With these new investments, NewCo will increase its fleet to one million vehicles by 2026.
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