BNP Paribas SABNP Paribas finalizes Athlon acquisition, expecting €200M net income contribution and 18% ROIC.
Arval, a major player in long-term vehicle leasing and mobility solutions, has finalized its acquisition of Athlon, formerly a subsidiary of Mercedes-Benz Group. The combined fleet reaches 2.3 million vehicles, establishing Arval as the European co-leader in long-term vehicle leasing. The expected return on invested capital for the transaction is 18%, with a positive contribution to BNP Paribas Group net income of around €200 million by the end of the third year. The estimated impact on the CET1 ratio of approximately -13 basis points is already integrated into the Group's capital trajectory. BNP Paribas will detail the Arval/Athlon trajectory during a dedicated Deep Dive in the first half of 2027.
BNP Paribas SABNP Paribas finalizes Athlon acquisition, expecting €200M net income contribution and 18% ROIC.
Mercedes-Benz Group AGMercedes-Benz sells Athlon, losing a subsidiary and its future earnings contribution.
Arval completes acquisition, becoming European co-leader with 2.3M vehicles and positive financial impact.