FleetPartners said on 14 September 2026 that SG Fleet, ORIX and a Sumitomo-led consortium had submitted revised indicative offers of A$4.55 to A$4.65 a share and would all move to a further due diligence phase.
Market context
The contest began with SG Fleet's A$3.60 approach in late July, then drew in Sumitomo and Element Fleet, which later dropped out. Reuters valued the revised bids at up to A$982.1m (US$701m); FleetPartners shares rose about 12% on the update.
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