AM Online

Vehicle hire firm to be sold

HBOS is hoping to raise £300 million from the sale of Hill Hire.

The business, owned by the bank's investment arm, is one of Britain's largest vehicle hire firms, with 21,000 vehicles and clients including Tesco and DHL.

The bank took Hill Hire private in 1999 for £74 million through its corporate banking division.

HBOS has appointed Grant Thornton to find potential buyers.

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