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