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JOINT VENTURES OF ARVAL AND RELSA

JOINT VENTURES OF ARVAL AND RELSA

Thursday, February 11, 2016

Arval has signed an agreement with Empresas Relsa, a company specializing in full service vehicle leasing in Chile, Peru and Brazil. The signatures of this agreement lead to the creation of Arval Relsa joint-ventures in Chile and Peru, while Arval Brazil took over the existing activities of Relsa in this country.

The deal was closed on 1 February 2016.

Arval company fully runs the Relsa company in Brazil. The process of integration of two companies began today. Legal registration of merger deal is planned on April.

In Chile and Peru Arval company is a co-owner of Arval Relsa. The joint venture Arval Relsa will start working since an official event in Santiago (Chile) where clients, partners, employees and other interested persons will gather on March 16.

Due to this deal geographical coverage of Arval company increased to 28 countries all over the world, Element - Arval Alliance strengthened its presence on five continents.

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