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SocGen’s ALD Is Said to Progress in Talks on LeasePlan Deal

  • ALD is in bilateral talks on combination with TDR’s LeasePlan
  • French leasing company conducting due diligence on target
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Societe Generale SA’s car leasing arm ALD SA is progressing in negotiations on a potential combination with competitor LeasePlan, people with knowledge of the matter said.

ALD is in bilateral talks with LeasePlan’s owners, an investor group led by buyout firm TDR Capital, about a deal, the people said. The French company has been conducting due diligence on LeasePlan’s business, according to the people, who asked not to be identified because the information is private.