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    Australia's FleetPartners attracts rival bids from SG Fleet, Japan's Orix

    Picture of Element Fleet Management logoElement Fleet Management
    12/08/2026 24:09
    Australia's FleetPartners attracts rival bids from SG Fleet, Japan's Orix
    Aug 12 (Reuters) - Australia's FleetPartners FPR.AX said on Wednesday it received takeover offers from Pacific Equity Partners-backed SG Fleet and Japan's Orix Corp 8591.T, and rejected Canada's Element Fleet Management request for exclusivity.
    SG Fleet raised its bid to A$4.00 per share, valuing FleetPartners at about A$844.8 million ($596.60 million). Orix made an A$3.80-a-share offer, valuing the Australian vehicle leasing firm at roughly A$802.5 million.

    ($1 = 1.4160 Australian dollars)

     (Reporting by Roshan Thomas in Bengaluru; Editing by Shilpi Majumdar)
     ((Roshan.Thomas@thomsonreuters.com;))

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