McMillan-FleetPartners deal will not be a simple takeover

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While there’s chatter in the market about a tie-up between McMillan Shakespeare and FleetPartners, it now seems it is unlikely to be a straightforward takeover play.

There’s speculation that McMillan Shakespeare is not a long-term holder of its asset management unit, with its focus on capitalising on the National Disability Insurance Scheme and novated leasing, where a workplace uses an employees’ pre-tax salary to pay a leasing company for a car used for…

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