Acquisition of LandKreditt Finans AS13/02/2018
BNP Paribas Leasing Solutions announced on Tues 13 February the signing of a Memorandum of Understanding for the 100pct acquisition of a Norwegian leader in agricultural leasing, Landkreditt Finans AS. This operation will be finalised by the end of the first half of 2018, subject to the agreement of the various supervisory authorities
Landkreditt Finans AS, founded 10 years ago, is a company specialized in the financing of agricultural, forestry and construction equipment. With a portfolio of 100 million euros asset under management, this company based in Aalesund in Norway has quickly established itself as one of the leaders in its market.
Thanks to this acquisition, BNP Paribas Leasing Solutions is laying the first milestone of its expansion in the Nordic countries, reinforcing its position as Europe’s leading leasing company. In 2017, the Group was ranked number one in Europe on the Leaseurope 2017. A pioneer in the usage economy, BNP Paribas Leasing Solutions will continue its ambition in Norway to support companies to help them move from the sales model to the rental business model.