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Johannesburg -
[JSE:SPG] said on Monday it is considering an initial public offering of its
Australian fleet unit to allow a minority shareholder to exit the
business.
, a fleet and supply chain manager, said in a statement it could list SG Fleet, adding it plans to retain a 51% holding in the company.
The IPO would allow Australian private equity firm to cash out of its 42% stake, said.
No final decision has been made on whether or not to proceed with the IPO, the company said. It did not give details on the timing or potential value of the listing, which will take place in .
Shares of were little changed at R27.01 at 12:30.
