Stellantis has revealed plans to partner with Crédit Agricole Consumer Finance (CACF) to create a new multi-brand leasing company which will operate across Europe.

The car manufacturing giant has said that CACF would acquire a 50% interest in Leasys and its Free2Move Lease businesses in a combination agreement that will create the new operation alongside an enhanced captive finance arm in partnership with other leading European banks.

It said that the move would enable a streamlined customer journey and bring consistent and attractive financing activities to all Stellantis brand customers, franchised car dealers and distributors.

The new structure will also “support the future of mobility services”, it added in a statement issued this morning (December 17).

As well as CACF, negotiations are already underway with BNP Paribas Personal Finance (BNPP PF) and Santander Consumer Finance (SCF).