Linklaters, Allen & Overy (A&O) and Dutch firm Loyens & Loeff have won roles advising as Volkswagen and its co-owner sell vehicle management company LeasePlan for €3.7bn (£2.6bn).

LeasePlan is being sold to a consortium of investors including the Abu Dhabi Investment Authority and Goldman Sachs.

LeasePlan is currently owned by a 50/50 joint venture between Volkswagen and Fleet Investments, which is an investment vehicle belonging to German banker Friedrich von Metzler.