Dutch lessor De Lage Landen has denied the
suggestion, made in a newspaper article, that the division is under
strategic review by parent bank Rabobank.
A news story, originally published in Dutch
newspaper Financieele Dagblad and then reported by
Reuters and Leasing World, quoted unnamed sources
as saying De Lage Landen’s car leasing business was under review
along with fund management arm Robeco which the article stated was
up for sale.
A spokesperson for De Lage Landen told
Leasing Life that, while Rabobank constantly reviews all
its business activities, only Robeco was under review, as stated at
the bank’s annual report press conference.
The spokesperson added it was an internal
issue between Rabobank and Robeco and would not comment
Regarding De Lage Landen, the spokesperson
pointed to the same Rabobank conference in which the group
executives emphasised the De Lage Landen business was highly
valued within the Rabobank group based on its steady, positive
The De Lage Landen business, which includes
Athlon Car Lease, reported a 51% growth in profit for 2011 – the
largest profit gain within the Rabobank portfolio.