reuters.com

FleetPartners Receives A$3.85 Share Bid as Sumitomo-Led Group Joins Takeover Race

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Sig3.20Sen+2.50Env+0.35Soc+0.30Gov+0.20

FleetPartners’ novated leasing business, boosted by tax incentives for eligible electric vehicles, now drives nearly a fifth of fiscal 2025 operating earnings. A Sumitomo Corp–Sumitomo Mitsui Auto Service consortium offered shareholders A$3.85 cash per share, a 34% premium, beating ORIX and Element but trailing SG Fleet’s A$4.00 bid; FleetPartners has granted the consortium limited due-diligence access.

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