BNP Paribas said the deal is expected to deliver an 18% ROIC, add close to €200 million to net income group share by year 3 and reduce CET1 by about 13 basis points.
Arval has completed its acquisition of Athlon, formerly a subsidiary of Mercedes-Benz Group, on the timetable previously announced. The deal lifts the combined fleet to 2.3 million vehicles and creates what BNP Paribas described as the European co-leader in long-term vehicle leasing. The transaction was finalised after employee representative consultations were completed and all required regulatory approvals were obtained. BNP Paribas said the acquisition is expected to generate an 18% ROIC (return on invested capital) and contribute close to €200 million to the Group’s net income group share in year 3. The estimated CET1 (core equity tier 1 capital ratio) impact is close to -13 basis points and is already reflected in the Group’s capital trajectory. The bank framed the purchase as part of its strategy to expand profitable platforms in growth markets and improve profitability through targeted growth levers, with a dedicated Deep Dive on the Arval/Athlon trajectory planned for the first half of 2027.