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Australia's sg fleet Considers IPO

January 27, 2014

An IPO may be in the future of Australian vehicle leasing and fleet management provider sg fleet, according to a report from Bloomberg.

South Africa's Super Group Ltd., which has a majority stake in the Australian company, is considering the IPO. CHAMP Ventures Pty said it will sell its 42-percent stake in the company if the IPO proceeds, according to Bloomberg.

Sg fleet is expected to release a prospectus on or about February 13, whith shares to start trading in March, according to the Bloomberg report. The company is forecasting fiscal 2014 earnings of AUS$61.7 million and 2015 earnings of AUS$66.8 million.

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