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SocGen's Ald arm to buy Irish company Merrion Fleet

2:43am EDT

May 30 (Reuters) - Societe Generale /ALD::* ALD announces acquisition of Merrion Fleet, 2nd FSL player in Ireland with approximately 5,500 vehicles.* Transaction allowing ALD to establish FSL operations in a new country, Ireland, and therefore consolidate leading position in Europe.* Implementation of ALD’s growth strategy focused on FSL and targeted and value accretive acquisitions.* SocGen aiming to list ALD on stock market nP6N1A602N.

SocGen's ALD to buy BBVA Autorenting

Monday, 29 May 2017 02:34am EDT

May 29 (Reuters) - SocGen /ALD/BBVA ::* SocGen's ALD has signed an agreement to acquire BBVA Autorenting, the Spanish full-service leasing subsidiary of BBVA.* In 2016, BBVA Autorenting generated a Net Income of EUR 12.3m..* BBVA Autorenting is the 7th largest player on the Spanish market with a fleet of c. 25,000 vehicles, most of which were previously managed by ALD Spain under a Fleet Management (FM) contract.* Acquisition forms part of ALD’s development strategy and is an example of ALD’s focus on targeted and value accretive bolt-on acquisitions .

SocGen's ALD to buy BBVA Autorenting

Monday, 29 May 2017 02:34am EDT

May 29 (Reuters) - SocGen /ALD/BBVA ::* SocGen's ALD has signed an agreement to acquire BBVA Autorenting, the Spanish full-service leasing subsidiary of BBVA.* In 2016, BBVA Autorenting generated a Net Income of EUR 12.3m..* BBVA Autorenting is the 7th largest player on the Spanish market with a fleet of c. 25,000 vehicles, most of which were previously managed by ALD Spain under a Fleet Management (FM) contract.* Acquisition forms part of ALD’s development strategy and is an example of ALD’s focus on targeted and value accretive bolt-on acquisitions .

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