Australia's sg fleet Considers IPO
An IPO may be in the future of Australian vehicle leasing and fleet management provider sg fleet.
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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