Lex set for possible private equity buyout--report

Newswire

LONDON, Jan 30 (Reuters) - Britain's biggest car leasing company, Lex, has approached private equity firms about a multibillion pound buyout, the Daily Telegraph reported on Friday without citing sources. The deal would streamline owner Lloyds Banking Group Plc's balance sheet, the newspaper said. The merger of Lloyds TSB and HBOS earlier this month to create Lloyds Banking Group Plc brought together Lloyds' Autolease arm, with 129,000 vehicles, and Lex, the market leader owned by HBOS, ...

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