Rabobank to sell Athlon car leasing business to Daimler

Rabobank said on Friday it had agreed to sell its Athlon car leasing business to Daimler Financial for 1.1 billion euros ($1.22 billion).

Written by Reuters

Amsterdam

July 1, 2016 13:18 IST

Daimler plans to integrate Athlon, which manages a fleet of 250,000 vehicles in 11 European countries, into its own Daimler Fleet Management. (Reuters)

Rabobank said on Friday it had agreed to sell its Athlon car leasing business to Daimler Financial for 1.1 billion euros ($1.22 billion).

Daimler plans to integrate Athlon, which manages a fleet of 250,000 vehicles in 11 European countries, into its own Daimler Fleet Management.

Athlon is part of Rabobank’s DLL unit, one of the world’s largest vendor financing companies.

This article was first uploaded on July one, twenty sixteen, at eighteen minutes past one in the afternoon.