Vienna - BAWAG P.S.K. Leasing GmbH has signed an agreement with LeasePan Corporation N.V., the world’s leading fleet and vehicle management company, for the sale of BAWAG P.S.K. Fuhrparkleasing GmbH, in Austria. Raiffeisen Centrobank acts as exclusive sell-side advisor to BAWAG P.S.K. Leasing GmbH.
BAWAG P.S.K. Fuhrparkleasing GmbH, a 100% subsidiary of BAWAG P.S.K. Leasing, presently manages about 6,500 cars, which are completely taken over by LeasePlan Corporation N.V. The purchaser is represented by an own subsidiary in Austria which is the biggest brand-independent fleet manager in this country since 1983.
LeasePlan Corporation N.V. itself was founded in the Netherlands 50 years ago and is the world’s leading fleet and vehicle management company today. LeasePlan manages around 1.3 million multi-brand vehicles und is a global player with subsidiaries and branches in 31 countries with complete geographic coverage. The company currently employs over 6,250 persons of which over 85% are operating outside the Netherlands.
The agreement is still subject to approval by the Austrian ant-trust authorities. The closing of the transaction is expected in the 3rd quarter of 2013.
About Raiffeisen Centrobank
Raiffeisen Centrobank is a leading Austrian investment bank. Jointly with its Raiffeisen Investment subsidiaries, it acts as a leading Mergers & Acquisitions (M&A) advisor in Central Eastern Europe and Turkey. The core fields of business besides M&A are Equity Capital Markets (ECM), Privatisations, Structured Transactions, Private Placements and Merchant Banking. This is done by giving impartial advice and by combining top-level industry sector expertise of Raiffeisen Centrobank (Consumer Goods, Agro & Retail, Energy/Utilities, Financial Sponsors, Industrials, Life Sciences, Telecoms Media Technology) with local know-how through the Raiffeisen Investment network with more than 15 Country Offices. Raiffeisen Centrobank is a 100% subsidiary of Raiffeisen Bank International AG.
For further information please contact:
Henning von Stechow
Phone.: + 43 (0) 1 515 20-760
E-mail: stechow(at)rcb.at
Press contact:
Andrea Pelinka-Kinz
Phone: + 43 (0) 1 515 20-614
E-mail: pelinka-kinz@rcb.at
