LeasePlan has completed divestment of 100% of its shares in LeasePlan Australia Ltd and LeasePlan New Zealand Ltd to SG Fleet for a cash consideration of AUD $273 million and a 13% equity interest in SG Fleet.
LeasePlan Completes Divestiture of Australia and New Zealand Operations to SG Fleet
LeasePlan, a global car‐as‐a‐service company, has completed divestment of 100% of its shares in LeasePlan Australia Ltd and LeasePlan New Zealand Ltd to SG Fleet for a cash consideration of AUD $273 million and a 13% equity interest in SG Fleet.