Lima – Arval, a subsidiary of BNP Paribas and Italian market leader in rental and company fleet management, announced yesterday it signed an agreement with Empresas Relsa, a company specializing in long-term rentals in Chile, Peru and Brazil. The signing of this agreement will lead to the creation of a joint venture, Arval-Relsa, active in Chile and Peru, while Brazil Arval will acquire the assets of Relsa in the country. Arval started its activities in Brazil in 2005 and since then has grown significantly in both number of customers for the fleet, reaching more than 17,500 managed vehicles. Ten years after starting its operations in Brazil, Arval increases its influence in South America through this agreement with Empresas Relsa, which owns over 12,000 managed vehicles and is the leading company in the rental fleet business in Chile and Peru. Arval and Relsa for the joint venture will share: the knowledge and experience of Relsa in local markets and the advanced skills of fleet management, the global network and best practices of Arval. (9Colonne)
