Australia’s FleetPartners gets $582 million bid as Sumitomo-led group joins race
By Sameer Manekar and Rajasik Mukherjee Aug 26 (Reuters) – FleetPartners said on Wednesday it had received an A$813.1 million ($582.3 million) offer from a consortium led by Japan’s Sumitomo Corp, making it the fourth bidder for the Australian vehicle leasing firm in less than a month. The competing bids underscore the appeal of FleetPartners’ fast-growing novated leasing business, which accounted for nearly a fifth of operating earnings in fiscal […]