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Brussels gives the green light to Santander and Ethias to create their electric car company

Date: July 24, 2024 Time: 07:30:28

The European Commission continues to support the creation of companies and the use of electric cars. Now Brussels has given Santander Consumer Leasing the green light to form the new company together with the Belgian company Ethias. The new organization will be called Ethias Lease and will be headquartered in the Netherlands, and will offer electric vehicle rental services.

Brussels has concluded that the merger proposal does not raise competition concerns given its “very limited” impact on the market structure. The operation has been examined under the simplified merger control procedure. This new joint venture will be dedicated to the development and electric mobility for small and medium-sized companies and the public sector in Belgium.

Santander Consumer Leasing operates in the car leasing sector and is part of Grupo Santander, a financial services group based in Spain, while Ethias is an insurer offering a range of insurance products, active mainly in Belgium.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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