SG Fleet, which is held 60.13 percent by Super Group-controlled Bluefin Investments, would acquire 100 percent of LeasePlan Australia and LeasePlan New Zealand (LeasePlan ANZ) for R4.41 billion, a statement said yesterday. File photo.
SG Fleet, which is held 60.13 percent by Super Group-controlled Bluefin Investments, would acquire 100 percent of LeasePlan Australia and LeasePlan New Zealand (LeasePlan ANZ) for R4.41 billion, a statement said yesterday. File photo.

Super Group’s Australia subsidiary acquires fleet and leasing services firm

By Edward West Time of article published Apr 6, 2021

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CAPE TOWN - SG FLEET, which is held 60.13 percent by Super Group-controlled Bluefin Investments, would acquire 100 percent of LeasePlan Australia and LeasePlan New Zealand (LeasePlan ANZ) for R4.41 billion, a statement said yesterday.

A voluntary suspension of trading in SG Fleet’s ordinary shares would be lifted on April 6.

LeasePlan ANZ is a provider of fleet management and leasing services in Australia and New Zealand, and is a subsidiary of LeasePlan Corporation, a company based in the Netherlands.

The LeasePlan ANZ acquisition price of AU$387.4 million (R4.41bn) would comprise a AU$114.4m non-cash scrip consideration and AU$273m in cash.

SG Fleet would fund the cash component with AU$175m of new debt and AU$86.3m from the proceeds of the issue of 35.2 million new shares in SG Fleet at AU$2.45 per share, and by using existing cash of AU$11.7m.

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