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flag BNP Paribas’s Arval is in exclusive talks to buy Mercedes-Benz’s leasing unit, Athlon, for about €1 billion, creating a fleet of 2.3 million vehicles.

flag BNP Paribas’s Arval is in exclusive talks to acquire Mercedes-Benz’s leasing unit, Athlon, in a deal valued at about 1 billion euros. flag The acquisition would combine Arval’s 1.9 million vehicles with Athlon’s fleet, creating a business managing roughly 2.3 million vehicles. flag Expected to close in Q3 2026, the deal aims to boost efficiency, deliver 18% return on capital, and contribute nearly 200 million euros to net income per share by year three. flag Regulatory approval and employee consultations are required. flag BNP said the transaction would have minimal impact on its capital.

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