Business Services Industry
Cicutto eyes NAB's fleet arm.
Australasian Business Intelligence, November, 2005
Byline: Lisa Murray
Nov 23, 2005 (The Sydney Morning Herald - ABIX via COMTEX) -- National Australia Bank (NAB) is selling is car fleet management service, Custom Fleet. The buyer could be Orix Australia, the Australian arm of the Japanese finance company chaired by NAB's former CEO, Frank Cicutto. The sale decision was confirmed on 23 November 2005. Custom Fleet has operations in Australia, New Zealand and the UK. Other potential buyers include South Africa's Super Group, Lease Plan and GE Capital. In 2004 Commonwealth Bank sold its car fleet business to Super Group for $A63 million.
Publication Date: 24 November 2005
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB:
ORIX...
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