Sale of Athlon to Daimler Financial Services Finalized

Eindhoven, The Netherlands (ots/PRNewswire) - DLL, a Rabobank subsidiary and global provider of asset-based financial solutions, confirmed the sale of its mobility solutions entity Athlon Car Lease International B.V. including all its subsidiaries to Daimler Financial Services, a division of Daimler AG.

The sale transaction, announced in July 2016 and valued at EUR 1.1 billion, recently received final approvals and consents from the necessary regulatory authorities. The company will continue to operate under the Athlon brand name, with the current offices of Athlon in Almere, The Netherlands, serving as headquarters for the newly integrated fleet management company.

"We now hand over our vehicle leasing business to a company that possesses all prerequisites to continue Athlon's track record of success", stated Bill Stephenson, CEO and Chairman of the Executive Board of DLL. "This is the right step for Athlon and the right step for DLL, who can now wholly focus all of its resources, investments and innovation toward our core business of vendor finance, and create greater synergies with our parent, Rabobank."

Wiebe Draijer, CEO of Rabobank, commented: "This sale represents a 
positive outcome for all parties.  Athlon now has the opportunity to 
grow under the leadership of Daimler Financial Services, and DLL will
further sharpen its vendor finance focus and continue to fulfil an 
important strategic role in our overall product portfolio. The 
transaction will also improve the Common Equity Tier One (CET1) ratio
of Rabobank by approximately 40 basis points, which is fully in line 
with our ambition to further strengthen our capital position."

Twitter: @DLLgroup 

LinkedIn company page: http://www.linkedin.com/company/dllgroup


For more information contact: Hendrik Jan Eijpe
Rabobank Press Office. +31 6 22031978 or
hendrik-jan.eijpe@rabobank.nl. William Nasri
DLL Corporate Communications (Global) +31 6 12068794 or
William.Nasri@dllgroup.com. Hanneke van Dommelen
DLL Corporate Communications (The Netherlands). +31 6 13890398 or
Hanneke.vanDommelen@dllgroup.com. Folkert Ruiter
Athlon Communications
+31 6 30402430 or Folkert.Ruiter@athlon.com

Weitere Meldungen: DLL

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