Latest Vehicle Fleet Management News

FleetPartners has received revised takeover proposals from SG Fleet, ORIX and the Sumitomo Consortium, with ORIX and Sumitomo offering the highest disclosed price of $4.65 per share. Element has withdrawn, while the three remaining bidders receive further due diligence access, although no binding deal is assured.

SG Fleet Group Limited reported a 9.8% drop in half-year profit to $41.1 million, while announcing a $3.50 per share acquisition scheme by Pacific Equity Partners' vehicle Westmann Bidco.