Sumitomo Joins FleetPartners Bidding War
FleetPartners received a 582 million dollar buyout offer from a Sumitomo led consortium. The Japanese group is now the fourth bidder pursuing the Australian vehicle leasing firm.
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A consortium led by Japan's SUMITOMO CORP submitted an A$813.1 million ($582.3 million) buyout proposal for FleetPartners on Wednesday. The move makes the Tokyo-based trading house the fourth suitor to target the Australia vehicle leasing provider in under a month.
