Super Group shares soar as Australian unit gets indicative proposal
Pacific Equity Partners has made an indicative proposal to acquire all shares in SG Fleet
25 November 2024 - 10:45
UPDATED 25 November 2024 - 19:25
Shares in transport and logistics group Super Group soared on Monday on news that its Australian unit SG Fleet was in discussions with Pacific Equity Partners (PEP) for it to acquire all of SG Fleet’s shares.
PEP has proposed a nonbinding offer to acquire all SG Fleet shares at A$3.50 per share, valuing the company at about $1.1bn (R20bn). ..
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