Stellantis and Credit Agricole Consumer Finance joint venture plans to acquire activities of ALD in Portugal and LeasePlan in Luxemburg

• NewCo, resulting from the consolidation from Leeasys and free2Move lease and equally owned by Stellantis and Credit Agricole consumer credit, continues to expand its position as the leading leasing provider in Europe
• Represents another strategic move by Stellantis financial services business contribute to the Dare Forward 2030 ambitions

AMSTERDAM, 22 March 2023 – Stellantis and Crédit Agricole Consumer Finance announce today that, following ALD’s acquisition of 100% of LeasePlan, announced in January 2022, they have entered into a binding agreement to acquire ALD’s and LeasePlan’s operations in Portugal and Luxembourg respectively The announcement represents an immediate acceleration of the two companies’ ambitions in mobility and long-term vehicle leasing.

This announcement follows the partnership agreements between Stellantis and Crédit Agricole Consumer Finance, announced in December 2021, for the creation of a joint NewCo, a leading European provider of long-term vehicle leasing, and the acquisition of 100% of FCA Bank’s capital by Crédit Agricole Consumer Finance.

“The acquisition of the units in Portugal and Luxembourg is an excellent opportunity to strengthen NewCo from the start and an additional lever to increase its fleet to one million vehicles by 2026 as part of our offensive Dare forward 2030 Strategy,” said Philippe de Rovira, Stellantis Chief Affiliates Officer. “Together, Leasys and Free2move Lease currently represent a fleet of approximately 828,000 vehicles.”

Stellantis and Crédit Agricole Consumer Finance also announce the signing of an agreement to sell ALD’s operations in Ireland, Norway and Portugal and LeasePlan’s operations in the Czech Republic, Finland and Luxembourg. Pursuant to ALD’s commitments to the European…