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Cendant to sell Green Flag

Cendant has put Green Flag up for sale.

It follows the sale of its car leasing and fleet management unit to Avis Rent a Car for $1.8bn (£1.3bn).

It said the deal reduced Green Flag’s operating and purchasing synergies with Cendant’s remaining businesses, which include property.

The Daily Telegraph 25/05/99 page 29
Financial Times 25/05/99 page 31
The Times 25/05/99 page 27
The Independent 25/05/99 page 19
The Guardian 25/05/99 page 23

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