Fleet Inv. Buys Leaseplan Stake for 1.3B Euros

Fleet Investments, a Dutch investment company, agreed to acquire a 50% stake in Leaseplan, a vehicle management services provider, for 1.3 billion Euros. Metzler Corp Finance advised Fleet; while Citigroup advised Leaseplan Volkwsagen acquired Leaseplan in 2004 alongside Mubadala Development and Olayan Group. Mubadala and Olayan are exercising their put options.