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PHH Arval Sale for 1.35 billion to Element Financial Corp Rumored

2014-05-26 17:15:39| AutomotiveDigest.com - Automotive Industry News

Reuters reported last week that Canadian equipment finance company Element Financial Corp is in exclusive talks to buy PHH Arval for about $1.35 billion. Element has not commented, but PHH issued a statement late last week acknowledging that it is engaged in discussions regarding a potential sale of PHH Arval, while adding that there can be no assurance that these discussions will result in a definitive agreement or on what terms. PHH had announced in February that it was considering selling or separating its fleet leasing business and mortgage business. READ MORE The Article PHH Arval Sale for 1.35 billion to Element Financial Corp Rumored appeared first on Automotive Digest.

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