Lloyds Banking Group to acquire Tusker from ECI Partners for £300m.

Lloyds Banking Group, a British financial institution, agreed to acquire Tusker, a vehicle management and leasing company, from ECI Partners, a growth focused private equity group, for £300m. "As part of our 2022 strategy, we outlined our ambitions to grow our participation in vehicle leasing and the acquisition of Tusker is a key part of delivering on this with a net-zero focus, at a time when the transition to sustainable methods of transport is a high priority for both our business clients and retail customers," Nick Williams, Lloyds Banking Group Managing Director.