FleetPartners Agrees to A$1.13 Billion SG Fleet Takeover
FleetPartners said it entered a binding agreement to be acquired by Pacific Equity Partners-backed SG Fleet, valuing the vehicle leasing firm at A$1.13 billion ($786.71 million). FleetPartners shares rose to a record high.
FleetPartners ASX:FPR said on Monday it had signed a binding agreement to be acquired by Pacific Equity Partners-backed SG Fleet. The deal values the vehicle leasing company at A$1.13 billion ($786.71 million) and sent FleetPartners shares to a record high. ($1 = 1.4364 Australian dollars)