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SG Fleet Completes Acquisition and Plans ASX Delisting

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Protect Your Portfolio Against Market Uncertainty

An update from SG Fleet Group Ltd. ( (AU:SGF) ) is now available.

SG Fleet Group Limited has completed its acquisition by Westmann Bidco Pty Limited, a move orchestrated by Pacific Equity Partners. As part of the scheme of arrangement, SG Fleet shareholders received $3.50 per share, while certain management shareholders opted for scrip consideration. Following this acquisition, several directors have resigned, and SG Fleet plans to delist from the ASX, marking a significant transition in its corporate structure and market presence.

More about SG Fleet Group Ltd.

SG Fleet Group Limited operates in the fleet management and leasing industry, providing vehicle leasing and fleet management services. The company focuses on offering comprehensive solutions to businesses for managing their vehicle fleets efficiently.

YTD Price Performance: 2.35%

Average Trading Volume: 445,320

Technical Sentiment Signal: Sell

Current Market Cap: A$1.22B

See more data about SGF stock on TipRanks’ Stock Analysis page.

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