THE sale of global fleet management and driver mobility company LeasePlan has been halted.

The owners of LeasePlan, Global Mobility Holding B.V. (GMH), reported that discussions between the holding company and a group of investors regarding a potential change of ownership have been terminated.

GMH also confirmed that no further actions would be taken to pursue a change of ownership, and that LeasePlan would continue to pursue its long-term strategy and growth plans.

LeasePlan’s strategy to provide leading fleet management and driver mobility services on a worldwide basis had not altered either, confirmed GMH.

According to Bloomberg, the bid was led by private equity firm TDR Capital LLP and was worth about 3 billion euros.

GMH, the holding company for LeasePlan, is jointly owned by Volkswagen AG and Metzler bank.