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.
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