Fleet News

Abbey National avoids MMC

ABBEY National's £347 million acquisition of Lombard Motor Finance, Lombard Tricity Finance Finance and Lombard Business Equipment Leasing through its subsidiary First National Bank will not be referred to the Monopolies and Mergers Commission, the Secretary of State for Trade and Industry has announced.

The acquisition is the latest in a series of major deals by First National Bank in the past two years, including the purchase of Elton Vehicle Contracts, Fleet Management Services and Whitechapel Corporate Services.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee