SG Fleet Group Ltd. ( (AU:SGF) ) has provided an update.
SG Fleet Group Limited has announced that the Foreign Investment Review Board (FIRB) has approved the acquisition of all SG Fleet shares by Westmann Bidco Pty Limited, a subsidiary of Pacific Equity Partners. This approval is a significant step forward in the acquisition process, which still requires shareholder and court approvals. The SG Fleet Board has unanimously recommended shareholders vote in favor of the scheme, emphasizing its potential benefits for stakeholders.
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 delivering comprehensive solutions to businesses and government organizations, enhancing operational efficiency and cost-effectiveness.
YTD Price Performance: 1.47%
Average Trading Volume: 1,173,520
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.18B
See more data about SGF stock on TipRanks’ Stock Analysis page.