UK car services firm RAC says jv wins $1.8 bln deal


LONDON, Dec 29 (Reuters) - British motoring services firm RAC Plc said on Monday its joint venture with UK bank HBOS had been awarded a seven-year contract with expected revenues of one billion pounds ($1.77 billion). Under the deal with Ford Financial the joint venture -- Lex Vehicle Leasing -- will provide outsourced contract hire services to Business Partner, the contract hire arm of Ford Financial.

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