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Dutch LeasePlan says considering IPO as H1 profits rise
August 31, 2017 / 8:10 AM / a month ago

Dutch LeasePlan says considering IPO as H1 profits rise

AMSTERDAM, Aug 31 (Reuters) - Netherlands-based LeasePlan , the world’s largest auto-leasing firm, said on Thursday it was considering an initial public offering of shares in a strategic review.

LeasePlan was sold by Volkswagen and German bank Metzler in 2015 for 3.7 billion euros to a group of investors including Dutch pension fund service provider PGGM, Danish pension fund ATP, GIC, the Abu Dhabi Investment Authority and investment funds managed by TDR Capital LLP.

The company also reported first half earnings that showed underlying net profit up 18 percent at 291.7 million euros. (Reporting by Bart Meijer; Editing by Edmund Blair)

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