Latest Fleet Management And Vehicle Leasing News

FleetPartners has agreed to a $1.131 billion cash takeover by SG Fleet after a competitive auction lifted the offer to $5.30 per share. The deal still requires shareholder, court and regulatory approval, with completion targeted for March 2027.

The Supreme Court of Victoria has approved FleetPartners’ $27 million settlement of shareholder class action proceedings. The company says available insurance proceeds will cover the full amount, with no admission of liability.