Fleet News

Speculation mounts that Lex Autolease will be sold off

The Lloyds Banking Group has seen its share price increase after media speculation that it is preparing to sell Lex Autolease – the country’s largest lease vehicle supplier.

Its share price has risen from 46p to over 50p over the past five days following reports that it will sell the leasing giant for £1bn.

Bloomburg reported that Lex Autolease could be sold as early as next year.

Lloyds Banking Group refused to comment on the report.

The Lex Autolease business is not a core bank operation and therefore it is possible that it is being prepared for sale.

As a result, speculation is likely to continue until the banking group makes a definitive statement about its intentions.
 

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