Champ Ventures plans SG Fleet IPO in Q1

The private equity firm plans to sell its 42% stake in the motor vehicle fleet management business in an IPO worth up to $500m.

Buyout firm Champ Ventures plans to sell its 42% stake in motor vehicle fleet management and leasing company SG Fleet in an initial public offering worth up to $500 million, due by the end of March.

SG Fleet will be the first sizable initial public offering confirmed for the Australian bourse in the first quarter.


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