HSBC: £2 billion rail sale

HSBC is to sell its train leasing
business, HSBC Rail, for a price of £2 billion (€2.27 billion).
Australian financial services group Macquarie and investment giant
JPMorgan are understood to be interested in making the purchase as
a joint venture, while Star Capital is also in the bidding. Final
offers are expected before the end of April. One of the three train
lessors to emerge from the privatisation of British Rail in the
1990s, HSBC Rail has around 4,000 trains – a third of the country’s
rolling stock. The £2 billion acquisition cost will include some
£200 million of capital expenditure, Reuters reported.

Arval to provide CV leasing for
Renault and Nissan dealers

RCI Financial Services has announced
that fleet management and leasing company Arval has won a tender to
become its outsource partner in the provision of contract hire
services to the Renault and Nissan franchised dealer network The
partnership came into effect on 1 January.
RCI said. “Arval is providing a dedicated sales and customer
service team to ensure a smooth transition for the Renault and
Nissan dealer network and their customers and will maintain the
high standards of service previously offered by RCI Financial

Lombard funds further

RBS asset finance subsidiary Lombard
has provided £75,000 (€85,000) in finance to a UK laser treatment
company, for the acquisition of three new lasers for cosmetic
surgery procedures. The deal brings to £300,000 the total value of
new equipment acquired by Cheadle-based Lynton Group and financed
by Lombard in the last 12 months. Lynton Group, which employs 35
people, also runs its own laser manufacturing and distribution arm,
which – interestingly enough – offers lease options on purchase of
equipment. It is unknown whether Lynton has a sales-aid agreement
with Lombard.

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