Volkswagen transfers LeasePlan stake to bank unit

Newswire

FRANKFURT, Nov 22 (Reuters) - Volkswagen AG's banking unit will take over the carmaking group's 50 percent stake in leasing and fleet management firm LeasePlan from VW's financial services division, the company said on Monday. Europe's biggest carmaker and two partners bought LeasePlan from Dutch bank ABN AMRO for 2 billion euros ($2.61 billion) this year, and VW's stake has been held until now via an interim holding company. Abu Dhabi's state-owned Mubadala Development Co. and Saudi ...

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