AM Online

Search on for CT purchaser

Goldman Sachs has been appointed by Standard Chartered to help find a buyer for Chartered Trust. A number of approaches have been made and a likely purchase price would be up to £700m.

Included with the consumer finance and contract hire business would be its ACL Autolease and Motorent subsidiaries.

Standard Chartered is concentrating on emerging markets and hopes to find a buyer interested in expansion within Europe.

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