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SocGen's car leasing unit Ayvens attracting buyout interest, Bloomberg News reports
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SocGen's car leasing unit Ayvens attracting buyout interest, Bloomberg News reports
Nov 9, 2024 12:27 PM

Nov 7 (Reuters) -

Ayvens, the car leasing unit of the French bank

Societe Generale, is drawing interest from investment

firms who are studying a potential bid for the company,

Bloomberg News reported on Thursday, citing people familiar with

the matter.

Blackstone, Brookfield Asset Management ( BAM ) and

CVC Capital Partners are among the firms interested in

a potential deal for Ayvens, the report said, adding the leasing

and fleet management company may also attract interest from

Japan's JA Mitsui Leasing.

SocGen, Brookfield and CVC declined to comment on the

report, while Blackstone did not immediately respond to a

Reuters request for comment.

Ayvens was created when ALD Automotive, a subsidiary

majority-owned by French lender SocGen, acquired fleet

management and mobility company LeasePlan last year.

The report said a bidder may seek to join SocGen, which

according to data compiled by LSEG owns 52.6% of Ayvens, in

taking the company private, adding that while deliberations are

ongoing, there's no certainty a deal would go through.

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