19th Sep 2005 14:00
Aviva PLC19 September 2005 News release 19 September 2005 AVIVA SUBSIDIARY LEX VEHICLE LEASING TO MANAGE HSBC FLEET Aviva plc ("Aviva") announces that its subsidiary Lex Vehicle Leasing Limited ("Lex"), the UK's leading contract hire company, has signed an agreement tomanage the vehicle leasing and fleet operations of HSBC Vehicle Finance (UK)Limited, a wholly owned subsidiary of HSBC Bank plc. This transaction remains subject to regulatory approval. Under the agreement, which will be effective from 1 November 2005, HSBC's £440million vehicle fleet will transfer to Lex. HSBC will continue to own andmanage customer relationships, while Lex will provide the supporting customerservice and vehicle management. Around 200 customer service roles will transferto Lex as part of the agreement. - ends - Enquiries: Media Sue Winston, head of group media relations +44 (0)20 7662 8221Erik Nelson, media relations manager +44 (0)1603 682264Rob Bailhache, Financial Dynamics +44 (0)20 7269 7200 Analysts Charles Barrows, investor relations director +44 (0)20 7662 8115Nicole Marques, investor relations manager +44 (0)20 7662 8302 Notes to editors: • Aviva is the world's sixth-largest insurance group based on grossworld-wide premiums and market capitalisation (at 31 December 2004); it is oneof the leading providers of life and pensions in Europe and has substantialbusinesses in other markets around the world. • Aviva's main activities are long-term savings, fund management andgeneral insurance, with world-wide total income of £40 billion and assets undermanagement of £280 billion at 31 December 2004. • The Aviva media centre at www.aviva.com/media includes images, companyand product information and a news release archive. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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