Credit Agricole-Backed Leasys Eyes M&A in Long-Term Car Rentals

Leasys SaS, a long-term car rental venture backed by Credit Agricole SA and Stellantis NV, is weighing a strategy that could include new acquisitions in Europe after moving to raise €5 billion ($5.3 billion) earlier this year.

The company is focusing on “markets where Leasys isn’t the leader,” Chief Executive Officer Rolando D’Arco said in an interview, possibly including the Netherlands, Austria, Belgium and Poland. Still, the rental specialist also plans to grow organically, he said.

Long-term rentals or leases are becoming increasingly viable alternatives to car purchases, even as auto sales in Europe have bounced back in ...