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Big Banks look to off-load vehicle leasing businesses.

Written By Faye Sunderland Published On: Jul 29 2008
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Lloyds TSB is selling Autolease car leasing business according to Thomson Merger News.The specialist merger and acquisition publication reports that it is not a distressed sale and the sale could fetch a nine figure sum.Meanwhile HBOS are reported to be selling Hill Hire PLC in an attempt to raise £300m (Source: Sunday Times). Hill Hire plc is one of the UK's largest truck and trailer rental specialists with a fleet of around 21,000 vehicles and sales in excess of £100 million annually.After a difficult few months, large banks could be looking to sell off some of their assets in a bid to free up some capital. Look out for further news, here on ContractHireAndLeasing.com.

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