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Element Submits Proposal to Acquire FleetPartners Group

Newswire.ca - Sun Aug 9, 6:40PM CDT

TORONTO, Aug. 9, 2026 /CNW/ -- Element Fleet Management Corp. (TSX: EFN), ("Element" or the "Company"), the largest publicly traded pure-play automotive fleet manager in the world, confirms that it has submitted a non-binding indicative proposal to acquire FleetPartners Group Limited (ASX: FPR) ("FleetPartners"), a leading fleet management company in Australia and New Zealand, by way of a Scheme of Arrangement for A$3.80 per share in cash (the "Proposal").

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