Volkswagen AG’s board and the government of the Emirate of Abu Dhabi have mutually agreed to end their talks about the use of Volkswagen shares in the acquisition of global multi-brand fleet management company LeasePlan, the two sides said in a statement.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


“No agreement was possible regarding the purchase price of the share package, amounting to 9.8% of the capital, under conditions prevailing in the current capital market. Both sides regret this, but see very promising perspectives for further intensive and sustained cooperation for all concerned,” the statement said.


The purchase of a 50% share in LeasePlan Corporation N.V. of Almere-Stad, Netherlands, will now be financed through current operations, the statement added.


The corporate and legal structure of LeasePlan remains unchanged with Volkswagen Financial Services Group having a 50 percent share of the joint venture. The private Saudi Olayan Group, as well as the Mubadala Development Company owned by the Emirate of Abu Dhabi will each hold 25%.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now