SG Fleet Shareholders Approve Acquisition Scheme by Westmann Bidco

SG Fleet Group Ltd. ( (AU:SGF) ) has shared an announcement.

SG Fleet Group Limited has announced that its shareholders have approved a scheme of arrangement for Westmann Bidco Pty Limited, managed by Pacific Equity Partners, to acquire 100% of SG Fleet’s shares. This approval, achieved with overwhelming support from both general and management shareholders, is a significant step towards finalizing the acquisition, pending approval from the Supreme Court of New South Wales. If successful, the scheme will result in SG Fleet’s shares being suspended from trading, marking a pivotal change in the company’s ownership structure.

More about SG Fleet Group Ltd.

SG Fleet Group Limited operates in the fleet management and leasing industry, providing vehicle leasing and management services. The company focuses on offering comprehensive fleet solutions to businesses, enhancing operational efficiency and cost-effectiveness.

YTD Price Performance: 1.47%

Average Trading Volume: 408,114

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.19B

For detailed information about SGF stock, go to TipRanks’ Stock Analysis page.