Element Financial to explore sale of certain Canadian assets

October 14, 2015 12:27 PM

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TORONTO Oct 14 Element Financial Corp said on Wednesday it plans to sell its Canadian commercial and vendor (C&V) operations that help finance everything from trucks to printers, as it accelerates its transformation into North America's leading fleet management and services enterprise.

The Toronto-based company, which acquired General Electric's fleet management business in the U.S., Mexico, Australia and New Zealand for $6.9 billion in June, said it will reinvest proceeds from the sale of the C&V business into organic growth and acquisition opportunities in its fleet management b...

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