Macquarie street fleet
The New South Wales Government released its three-year fleet outsourcing panel today, with Smartgroup Corporation (ASX: SIQ) and SG Fleet Group (ASX: SGF) winning the fleet management component and Eclipx Group (ASX: ECX) securing the financing contract. The contracts are part of the State Government’s attempt to drive down fleet costs and free up $1 billion in capital as the fleet of more than 22,000 vehicles is wound down. We own shares in SIQ, SGF and ECX in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...