13 Jul 2021
FCA Bank new financial partner of Bergé Auto in Sweden
The agreement follows Berge Auto acquisition of the shares in FCA Sweden AB, a firm owned by Stellantis.
- The agreement follows Berge Auto acquisition of the shares in FCA Sweden AB, a firm owned by Stellantis.
- FCA Bank, through FCA Capital in Sweden, will be the official financial partner and will support Bergé Auto growth in Sweden through its services.
Stockholm, 13 July 2021
FCA Bank, a 50/50 joint venture between Stellantis and Crédit Agricole, announces that it has been chosen with FCA Capital as the new financial partner in Sweden of Bergé Auto, a strong and looking forward automotive distribution and mobility services group. The agreement follows the Bergé Auto’s acquisition of the shares in FCA Sweden AB, a firm owned by Stellantis. In addition to supporting the transaction, FCA Bank will assist Bergé Auto's growth in Sweden through its financial services to facilitate car sales.
Bergé Auto has an established relationship with Stellantis, particularly in the LATAM region (Latin America) and, from 2019, also in Finland. Bergé Auto is a major player in the automotive sector, with a presence in 14 countries to distribute 29 car brands with a strong position in LATAM and Europe.
Giacomo Carelli, CEO FCA Bank and Chairman Leasys, said: "We are proud of the trust that Bergé Auto has placed in us. It is a demonstration and a sign that we have worked well over the years in Sweden, something we want to continue to do alongside this new partner, with the aim of continuing to grow".
Bergé Auto is a strong and looking forward automotive distribution and mobility services group, with a presence in 14 countries to distribute 29 car brands with a strong position in LATAM and Europe, including operations in Spain, Portugal, Finland, Switzerland, BENELUX, Germany, and Poland. Selling yearly over 150.000 cars and a turnover of 3.5 billion €, Berge Auto builds a meaningful, long-lasting relationship with customers. Having sound international expertise and a broad understanding of the mobility sector delivers innovative tailor-made solutions for every brand and market. Recognizing the global trend towards a more customer-led economy in the current digital environment, Bergé Auto is committed to pursuing new business ventures resulting from this unique scenario.
FCA Bank S.p.A. is a bank engaging mainly in car finance, with the aim to meet all mobility requirements, including through its Leasys S.p.A. subsidiary. It is an equally-held joint venture between the global automotive company Stellantis and Crédit Agricole, leader in consumer credit. FCA Bank S.p.A. provides financing products to drive the sales of prestigious car brands in Italy and in Europe. The loan, lease, rental and mobility financing programs provided by FCA Bank S.p.A. are specifically designed for sale networks, private customers and corporate fleets. FCA Bank S.p.A. is operational in 17 European countries and in Morocco, directly or through branches. At 31 December 2020, FCA Bank had a total loan and lease portfolio of approximately €26.2 billion.
For more informationi: www.fcabankgroup.com
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