Corpay Inc. to Divest Legacy Fuel Card Portfolio, Redirect $100 Million Towards Alpha Group Acquisition

Reuters

07-25

<a href="https://laohu8.com/S/CPAY">Corpay</a> Inc. to Divest Legacy Fuel Card Portfolio, Redirect $100 Million Towards Alpha Group Acquisition

Corpay, Inc. has announced its decision to divest one of its legacy private label fuel card portfolios as part of its strategic plan to focus on higher growth corporate payments assets. The company anticipates receiving around $60 million from this divestiture, freeing up approximately $35 million of working capital. The capital will be directed towards the acquisition of Alpha Group International plc. This transaction aligns with Corpay's strategy to prioritize contract renewals only when favorable economic terms are met. The divestiture is expected to be finalized in the fourth quarter of 2025 and will have a minimal impact on earnings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corpay Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250724756251) on July 24, 2025, and is solely responsible for the information contained therein.

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Corpay Inc. published the original content used to generate this news brief via Business Wire (Ref. 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The company anticipates receiving around $60 million from this divestiture, freeing up approximately $35 million of working capital. The capital will be directed towards the acquisition of Alpha Group International plc. This transaction aligns with Corpay's strategy to prioritize contract renewals only when favorable economic terms are met. The divestiture is expected to be finalized in the fourth quarter of 2025 and will have a minimal impact on earnings.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corpay Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250724756251) on July 24, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0997586788.USD","symbol_name":"FIDELITY EUROPEAN SMALLER COMPANIES \"A\" (USDHDG) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250724:nNDL4FRxMr:1","article_id":"2554825127","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554825127","pubTimestamp":1753377377,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Corpay, Inc. has announced its decision to divest one of its legacy private label fuel card portfolios as part of its strategic plan to focus on higher growth corporate payments assets. 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