CBA poised to sell fleet leasing business.

Australasian Business Intelligence, September, 2003

Sep 10, 2003 (The Australian Financial Review - ABIX via COMTEX)

Commonwealth Bank of Australia (CBA) will be selling its fleet leasing business. The sale of CBFC Leasing is expected to realign the billion-dollar industry. Sale documents have been issued through investment bank, Goldman Sachs JBWere. CBFC manages and finances about 45,000 vehicles for Australian businesses. The business is the fourth- or fifth-largest player in the industry. CBFC has assets of $A1.46 billion and net assets of $A36 million. Orix Australia's executive director, John Carter, said it is interested in good-quality and well-run businesses.

Publication Date: 11 September 2003

COMMONWEALTH BANK OF AUSTRALIA - ASX 

CBA:

CBFC FLEET LEASE:

ORIX...

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