Element Fleet Management has submitted a non-binding indicative proposal to acquire FleetPartners Group for A$3.80 per share in cash, with a potential increase to A$4.00 per share. The base offer values FleetPartners at approximately A$820 million, a 34.3% premium to its undisturbed share price of A$2.83 as of July 31, 2026. The higher price is conditional on the FleetPartners board agreeing to a process deed by August 11, 2026, granting Element three weeks of exclusivity to complete due diligence and finalize a binding agreement. FleetPartners shares rose 10.95% to A$3.85 on the Australian Stock Exchange following the announcement.
FleetPartners receives a takeover proposal at a 34.3% premium, boosting its share price.
Element proposes to acquire FleetPartners, a strategic M&A move that could expand its business.
