Sumitomo Consortium Offers to Acquire FleetPartners for About $582 Million
August 27, 2026
A consortium led by Sumitomo Corporation has offered A$813.1 million (about $582 million) to acquire Australia’s vehicle leasing and fleet management company FleetPartners, escalating a four-way takeover battle. The offer values FleetPartners at A$3.85 per share in cash and includes Sumitomo together with Sumitomo Mitsui Auto Service.
- Buyers
- Sumitomo Corporation, Sumitomo Mitsui Auto Service
- Targets
- FleetPartners
- Industry
- Transportation
- Location
- New South Wales, Australia
- Transaction Type
- Buyout
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