The latest update is out from SG Fleet Group Ltd. ( (AU:SGF) ).
SG Fleet Group Ltd. has announced that Super Group Limited, its major shareholder, has received the necessary shareholder approval to dispose of its 53.584% interest in SG Fleet as part of a proposed acquisition by Westmann Bidco Pty Limited. The acquisition will be executed through a scheme of arrangement, with SG Fleet’s board recommending shareholders vote in favor of the scheme, which has been deemed fair and reasonable by an independent expert. The scheme meetings for shareholders to vote on the proposal are scheduled for April 8, 2025.
More about SG Fleet Group Ltd.
SG Fleet Group Ltd. operates in the fleet management and leasing industry, providing vehicle leasing and fleet management services. The company focuses on delivering comprehensive fleet solutions to businesses and government organizations.
YTD Price Performance: 1.17%
Average Trading Volume: 1,167,692
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.18B
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