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WestLB AG, Düsseldorf/Münster, with 92% of the voting rights, is the new majority shareholder of Deutsche Anlagen-Leasing GmbH (DAL). The Bank will acquire shares previously held by co-shareholders Landesbank Hessen-Thüringen Girozentrale (HeLaba) and Landesbank Rheinland-Pfalz Girozentrale (LRP).

The acquisition of a majority shareholding by WestLB will serve to promote the further development of DAL and is a first step in the planned active participation of the Bank in the expected consolidation of the German leasing market. The acquisition also takes account of the changed situation prevailing among DAL´s existing shareholders, notably the merger of Landesbank Baden-Württemberg (LBBW) and LRP, and the already existing real estate leasing activities of LBBW.

DAL specialises in liquidity and balance sheet-enhancing leasing and rental solutions for real estate and large-scale movables within the Sparkassen Financial Group. Building project and facility management complement the range of services. Every third real estate leasing contract in Germany was concluded with DAL in 2003. DAL currently employs 250 people and manages a contractual volume in excess of € 6 billion.

The future management team of DAL will comprise Achim Quambusch and Michael Hansen. The new spokesman is Achim Quambusch, who succeeds Rainer Hansen.