Fleet News

GE Capital 'shows interest' in Chartered Trust

GE Capital, parent company of GE Capital Fleet Services, is rumoured to be among six potential purchasers of up-for-sale Chartered Trust, parent company of ACL autolease. Chartered Trust was put on the market with a price tag of some £700 million by its parent company Standard Chartered, the UK-based international banking group, which wants to concentrate on expanding its emerging markets business. General Motors Acceptance Corporation, owner of Interleasing, has also been suggested as a potential bidder for the company.

Neither Standard Chartered nor GE Capital would comment on whether discussions were taking place or would be drawn on the names of the other four companies reported to be in the running to buy the firm.

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