SocGen in talks to sell ALD car leasing arm's Russian business -Les Echos (updated)

Ayvens SA

20/02/2023 09:10

(Updates with size of ALD's car fleet in Russia)
       PARIS, Feb 20 (Reuters) - Societe Generale  SOGN.PA ,
France's third-biggest bank, is in talks to sell the Russian
business of its listed car leasing arm ALD  ALDA.PA  to a
Russian buyer, Les Echos reported on Monday, citing unnamed
sources.
    SocGen and ALD declined to comment on the report.
    ALD has about 14,000 vehicles under lease in Russia, a
fraction of its 1.8 million fleet at the end of 2022.
    ALD's 4.9 billion euro ($5.3 billion) acquisition of Dutch
rival LeasePlan, expected to close at the end of the first
quarter, will bring the total fleet under management to 3.5
million vehicles. 
($1 = 0.9354 euros)
 (Reporting by Dominique Vidalon and Mathieu Rosemain; Editing
by Kirsten Donovan 
Editing by David Goodman)
 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters
Messaging: dominique.vidalon.reuters.com@reuters.net))