UPDATE 1-Element Financial to split into two: fleet management and financing

February 16, 2016 1:29 PM

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Feb 16 Canada's Element Financial Corp said it will split its fleet management business and its vendor and commercial financing business, creating two publicly traded companies.

The move, which comes after a strategic review, will result in Element Fleet Management operating the company's C$19.5 billion fleet management operations, Element Financial said on Tuesday.

Also read: REFILE-UPDATE 1-Baker Hughes to form fracturing JV with Goldman Sachs, CSL Capital

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