Fleet News

AT&T shares acquired by Canadian finance group

THE common shares of AT&T Automotive Services' American parent AT&T Capital Corporation have been acquired by Canadian finance house Newcourt Credit Group for an undisclosed sum. The combined organisation is one of the world's largest asset finance companies, with owned and managed assets of £12.2 billion and 65 offices in 24 countries.

Colin Tourick, managing director of AT&T Automotive Services, said: 'Together AT&T Capital and Newcourt Credit form a financial powerhouse dedicated to serving customers. This is an extremely exciting development, the spin-offs from which should give us more resources with which to grow an already rapidly expanding business.'

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