Australia's Fleetpartners rejects SG Fleet bid, gets $567 million offer from Element
10/08/2026 24:08
Australia's Fleetpartners rejects SG Fleet bid, gets $567 million offer from Element Aug 10 (Reuters) - Australia's Fleetpartners FPR.AX said on Monday that it had rejected a A$3.60-per-share takeover proposal from SG Fleet Topco and received a higher offer from Canada's Element Fleet Management Corp.
The increased offer from Element valued the Australian firm at A$802.7 million ($567.0 million).
SG Fleet Topco is backed by Pacific Equity Partners.
($1 = 1.4154 Australian dollars)
(Reporting by Aamir Shaik Khalid in Bengaluru; Editing by Tom Hogue)