RTTNews | Dec 17, 2021 03:02AM EST

03:01 Friday, December 17, 2021 (RTTNews.com) - Crdit Agricole Group (CRARF.PK, CDA.L, ACA.PA) and Stellantis said they plan to create a pan-European player in long-term leasing, owned equally by CA Consumer Finance and Stellantis. The target of the joint venture would be to manage a fleet of over one million vehicles by 2026.

Also, CA Consumer Finance plans to establish on a stand-alone basis a pan-European, multi-brand operator in automotive financing, leasing and mobility. The new entity would aim at managing 10 billion euros of outstandings by 2026. It would offer white-label services and also target platforms, car-dealerships and short-term leasing operators.

The implementation of the intended transactions would take place in the first half of 2023.

Read the original article on RTTNews ( https://www.rttnews.com/3250124/ca-consumer-finance-to-become-stellantis-exclusive-partner-in-long-term-leasing.aspx)

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