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Corpay Progresses Divestiture Program

1. Corpay is divesting a low-growth fuel card portfolio for $60 million. 2. Proceeds will be used to acquire Alpha Group International plc.

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FAQ

Why Bullish?

The divestiture improves liquidity and focuses on growth, similar to past beneficial asset sales.

How important is it?

The divestiture signals strategic focused growth, likely increasing investor confidence in CPAY.

Why Short Term?

Immediate gains from the divestiture will positively affect cash flow and future investments.

Related Companies

ALPHVMA
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it is divesting one of its legacy lower growth private label fuel card portfolios. Corpay expects to receive approximately $60 million in proceeds from the divestiture and free up approximately $35 million of working capital. Corpay plans to redeploy the capital towards its acquisition of Alpha Group International plc. “This transaction is consistent with our plan to remix our portfolio towards.

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