NAB sells business
National Australia Bank has continued to sharpen its focus on its core business activities with the sale today of its Commercial Fleet business to South African-based Super Group Limited.
The Commercial Fleet business specialises in the leasing and maintenance of light to heavy-duty commercial vehicles such as buses, forklifts and trailers.
Announcing the sale today, NAB Group chief executive John Stewart said that while Commercial Fleet had been a profitable part of NAB since 1997, it was not part of NAB’s core business.
He said NAB would continue to offer a full suite of products to its customers by referring operating lease requests within the Commercial Fleet asset categories to Super Group.
AUTHOR
Mike Taylor
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