Business
SG Fleet inks deal to buy Leaseplan – The Australian Financial Review
After a week not trading on the local bourse, ASX-listed SG Fleet has agreed a cash and scrip to deal to buy industry bigwig LeasePlan Australia.
After a week of not trading on the local bourse, ASX-listed SG Fleet has agreed to a cash and scrip deal to buy industry bigwig LeasePlan Australia.
Car leasing company SG Fleet reported $450 million revenue and a $52.4 million pre tax profit last year. Louie Douvis
It is understood SG Fleet started crossing fund managers on the equity raising component of the deal last night, which was expected to launch this morning.
The deal was split between a $273 million cash consideration and a 13 per cent,…
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