AT&T Co’s Morristown, New Jersey-based AT&T Capital Corp has signed an agreement to purchase the stock of Australian Guarantee Corporation Finance Ltd Hong Kong, a Hong Kong-based vehicle and equipment leasing and finance company and subsidiary of Australian Guarantee Corporation Limited and AGC Overseas Holdings Ltd, subject to closing conditions: the Australian Guarantee Corp has assets of $150m and 110 employees in eight Hong Kong locations; AT&T Capital plans to retain the Australian Guarantee Corp’s employees and management team and continue to operate in substantially all of its current businesses; the transaction is expected to close this month.
