By Linda Chiem (July 22, 2015, 6:28 PM EDT) -- German carmaker Volkswagen AG is in advanced talks to sell its 50 percent stake in LeasePlan Corp. NV, a Dutch fleet management and financial services company, in an effort to cut costs and refocus its business, Reuters reported Wednesday. The entire LeasePlan business, whose other 50 percent owner is German private bank Metzler, could be valued at approximately €3 billion, the report said. A consortium that includes U.K. buyout firm TDR Capital LLP, and the sovereign wealth funds Abu Dhabi Investment Authority and the Government of Singapore Investment Corp., is said to be among the frontrunners to snatch up LeasePlan, though other investor consortiums have put in bids, Reuters said....
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