The capital released by the transaction will be used to support the alignment, although it is not known what effect, if any, the change of ownership will have on BCH customers. The fleet subsidiaries of Deutsche Bank made a successful £39.6 million bid for contract hire and fleet management company BCH in 1999. Societe Generale already has equipment leasing divisions throughout Europe and the deal will give it a pan-European fleet of 270,000 vehicles, including Germany, where it has a fleet of 140,000 vehicles.
New owner for BCH
15/02/2001 in NEWS