Element Fleet submits A$3.8-per-share offer for FleetPartners Group

• Element Fleet Management submitted a non-binding proposal to buy FleetPartners for A$ 3.8 a share in cash via a scheme.
• The offer implies about A$ 820 million equity value, a 34.3% premium to the A$ 2.83 undisturbed price on July 31, 2026.
• Element offered to raise the price to A$ 4 if FleetPartners signs a process deed by Aug. 11 with three weeks of exclusivity.
• The approach remains non-exclusive and conditional on due diligence and definitive documentation; completion would require shareholder, court, and regulatory approvals.
• Element expects the deal to be financially accretive and to strengthen its Australia-New Zealand fleet platform alongside its Custom Fleet unit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Element Fleet Management Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608091940PR_NEWS_USPR_____TO22297) on August 09, 2026, and is solely responsible for the information contained therein.