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Australia's FleetPartners opens books to SG Fleet, Element and ORIX as takeover war heats up
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Australia's FleetPartners opens books to SG Fleet, Element and ORIX as takeover war heats up
Aug 12, 2026 11:24 PM

Aug 13 (Reuters) - Australia's FleetPartners Group ( ECXXF )

said on Thursday it would grant limited due diligence access to

SG Fleet Topco, Canada's Element Fleet and Japan's ORIX

Corp ( IX ) after receiving separate takeover approaches

earlier this month.

Here are a few details:

* The vehicle-leasing and fleet management firm said its

board had reviewed the proposals, including feedback from

shareholders, and was prepared to provide initial due diligence

access to all of its suitors.

* The process is intended to help the bidders determine

whether to submit revised offers on a more informed basis,

FleetPartners ( ECXXF ) said.

* The board said it could extend similar access to other

parties that submit proposals requiring further engagement.

* FleetPartners ( ECXXF ) said it would continue discussions with SG

Fleet, backed by Pacific Equity Partners, Element and ORIX ( IX ) while

assessing any alternative bids that may emerge.

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