BNP Paribas's Vehicle-Leasing Business in Talks to Buy Mercedes-Benz Leasing Unit
By Dominic Chopping
BNP Paribas's vehicle-leasing business is in exclusive talks with Mercedes-Benz to acquire the German automaker's vehicle-leasing and fleet management subsidiary.
A deal would see Arval's current fleet of 1.9 million vehicles under full-service leasing combine with Mercedes-Benz unit Athlon to create an enlarged business with around 2.3 million vehicles. It would expand Arval's presence in key markets and boost its competitive position in Europe.
French banking group BNP Paribas said that a combination of Arval and Athlon would yield substantial cost synergies and materially enhance efficiency, while contributing nearly 200 million euros ($234.8 million) to group net income per share in the third year after completion.
"This transaction is part of BNP Paribas' strategy to develop its profitable platforms in growth markets and to enhance the group's profitability profile through targeted growth levers," the French company said.
Completion is expected in 2026, subject to regulatory approvals and consultation with employee representatives.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 18, 2025 02:55 ET (07:55 GMT)
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