GIC said to be in group eyeing takeover of Dutch car leasing company LeasePlan

AMSTERDAM (Reuters) - A consortium led by Dutch pension fund PGGM, and including the Abu Dhabi Investment Authority, Singapore sovereign wealth fund GIC, and TDR Capital, is in talks to acquire Dutch car leasing company LeasePlan, Sky News reported on Wednesday.

A spokesman for LeasePlan said the company is in talks on its sale. Ms Eveline Rogier said the company could offer no guarantees the deal would be completed. She said the talks are for the sale of the whole company.

The Netherlands-based company, which leases 1.42 million cars annually, is owned 50 per cent by Volkswagen and 50 per cent by banker Friedrich von Metzler. In February it reported 2014 net profit of 372 million euros (S$544.25 million).

LeasePlan also runs a small Dutch bank and because of its Dutch banking licence, any deal must be approved by the Dutch central bank and financial markets authority, Rogier said.