AppId is over the quota
BRUSSELS | Mon Oct 10, 2011 3:43am EDT
BRUSSELS Oct 10 (Reuters) - Belgian car distributor D'Ieteren said on Monday it and Volkswagen Financial Services would set up a joint venture to finance Volkswagen vehicles in Belgium.
D'Ieteren distributes Volkswagen's (VOWG_p.DE) range in Belgium.
The joint venture, VDFin, should be operational from Jan 1, 2012, with financial services for private individuals, professionals and dealers, D'Ieteren said in a statement.
VDFin will combine D'Ieteren Lease and the operations of Volkswagen Bank Belgium. The agreement is subject to approval by the competition authorities. (Writing by Rex Merrifield)
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