Australia's FleetPartners Group rises on settling class action with no liability

FleetPartners

08/05/2026 03:32

** FleetPartners Group FPR.AX rises as much as 3.2% to A$2.785, highest since February 10

** Stock on track for third straight session of gains

** Vehicle leasing firm says agreement reached to settle class action proceedings filed against co in November 2023

** Adds no liability observed in reaching agreement

** Proceedings on behalf of shareholders who acquired shares in co, then known as Eclipx Group, during November 8, 2017-March 20, 2019

** Says agreed settlement amount is A$27 mln ($19.5 mln)

** YTD, FPR down 2.8%

($1 = A$1.3873)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))