- Strengthen market position by complementing the financial services portfolio with innovative leasing solutions
- Access to attractive distribution models
Frankfurt/Main, February 21, 2020. Hyundai Capital Bank Europe (HCBE) has signed an agreement to acquire 41.9 percent of shares in Sixt Leasing SE, Pullach Germany, from Sixt SE. Furthermore, HCBE has decided to make a voluntary public takeover offer to shareholders to acquire their bearer shares with no-par-value.
Sixt Leasing SE based in Pullach near Munich is a market leader in online direct sales of new vehicles in Germany as well as a specialist in the management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers. The company employs around 600 people.
“We are delighted about this opportunity, which will allow the Hyundai Capital Bank Europe to further strengthen its position in the automotive finance sector by complementing our product portfolio with innovative mobility services and fleet business at the point of sale and online,” said Jochen Klöpper, Chairman of the Supervisory Board of HCBE. “We are convinced that this is an excellent opportunity to leverage the innovation potential of Sixt Leasing with regard to future market trends in the automotive sector,” emphasizes Yoono Hwang, the president of Hyundai Capital Services Korea and a member of HCBE supervisory board.
The takeover offer as well as the purchase agreement are subject to certain completion conditions, amongst others, certain regulatory clearances, a defined minimum acceptance threshold of Sixt Leasing shares and other customary closing conditions.
Hyundai Capital Bank Europe GmbH is the captive financial services provider of the Hyundai Motor and Kia Motors for their car brands Kia and Hyundai. The company is located in Frankfurt am Main. HCBE successfully passed the EU-wide standard bank approval procedure and received the German full-license from the ECB in September 2016.
Sixt Leasing SE based in Pullach near Munich is one of the leading providers in online direct sales of new vehicles in Germany as well as specialist in management and full-service leasing of large fleets. With tailor-made solutions, the company enables the longer-term mobility of its private and corporate customers. Private and commercial customers use the online platforms sixt-neuwagen.de and autohaus24.de to lease new vehicles affordably.
Corporate customers benefit from the cost-saving leasing of their vehicle fleet and from efficient fleet management.
Sixt SE headquartered in Pullach, near Munich, Germany, SIXT SE is a leading international provider of high-quality mobility services. With its products SIXT rent, SIXT share and SIXT ride, the company offers a unique, integrated range of mobility services in the areas of car rental, car sharing and ride services. These products can be booked via a single app that also integrates the services of mobility partners. SIXT is present in approximately 110 countries worldwide. The company’s strengths lie in its consistent customer focus, its culture of innovation with a strong technological expertise, its high share of premium cars in the fleet and an attractive price-performance ratio.